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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.

All Topics  5307

The firm that operates in more than one country gains production, marketing and financial advantages that are not available to domestic competitors is called?
A global firm
B expanding firm
C premium firm
D challenger firm
Correct Answer: global firm
The demand which is not affected by price changes in short term is?
A elastic demand
B inelastic demand
C realistic demand
D unrealistic demand
Correct Answer: elastic demand
The pricing strategy used to set price of by-products to make the price of main product even more competitive is classified as?
A by-product pricing
B captive product pricing
C optional product pricing
D Two part pricing
Correct Answer: by-product pricing
The exploration of new markets abroad is an example of?
A Strengths
B Weaknesses
C Opportunities
D Threats
Correct Answer: Opportunities
The stage which concludes the supplier’s performance assessment by business buyers is classified as?
A supplier selection
B proposal solicitation
C performance review
D order-routine specification
Correct Answer: performance review
The product life cycle stages helps in describing?
A product class
B product form
C brand
D all of above
Correct Answer: all of above
The demand which is affected by price changes in short term is?
A elastic demand
B inelastic demand
C realistic demand
D unrealistic demand
Correct Answer: elastic demand
The pricing issue arise when manufacturer could not force dealers or retailers to charge a specific price is classified as?
A deceptive pricing
B price discrimination
C resale price maintenance
D fix quantity pricing
Correct Answer: resale price maintenance
The kind of reduction made to those buyers who buy large volumes of products is classified as?
A cash discount
B seasonal discount
C functional discount
D quantity discount
Correct Answer: quantity discount
The trading of raw material through online sources between buyers and sellers is classified as?
A e-procurement
B de-procurement
C online selling
D direct marketing
Correct Answer: e-procurement
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