M C Q s D r i v e

Management Sciences 5307 MCQs [All-Courses]

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Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

The ‘Millennial’ are also classified as?
A generation X
B generation Y
C baby boomers
D both a and b
Correct Answer: generation Y
The process of introducing a new product into market is called?
A commercialization
B market testing
C free test markets
D uncontrolled test markets
Correct Answer: commercialization
The pricing strategy in which the company determines price it will make the targeted return is classified as?
A target return pricing
B markup return pricing
C learning pricing
D marginal pricing
Correct Answer: target return pricing
The customers of products or services in product life cycles introductory stage are classified as?
A innovators
B early adopters
C middle majority
D laggards
Correct Answer: innovators
The decrease in average per unit cost of production which is caused by accumulated experience of production is classified as?
A experience curve
B learning curve
C costing curve
D pricing curve
Correct Answer: experience curve
The tools of sales promotion that are used to trigger short term customer involvement or to build customer relationships are classified as?
A inbound promotion
B outbound promotion
C organizational promotion
D consumer promotions
Correct Answer: consumer promotions
The business buying situation in which the buyer reorders same order again and again on routine basis is?
A new task
B modified rebuy
C straight rebuy
D solutions selling
Correct Answer: straight rebuy
In BCG growth share matrix, the horizontal axis represents?
A Market growth rate
B Relative market share
C Portfolio analysis
D Both b & c
Correct Answer: Relative market share
The cost based pricing strategy is also called?
A product driven
B customer driven
C economy driven
D cost driven
Correct Answer: product driven
If the breakeven volume is 20000 units, difference of price and variable cost is $15 then the fixed cost is?
A $600,000
B $300,000
C $400,000
D $500,000
Correct Answer: $300,000