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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 kind of channel arrangement which involves one or more than one independent wholesalers, producers and retailers is classified as?
A vertical marketing system
B static distribution channel
C conventional distribution channel
D horizontal marketing system
Correct Answer: conventional distribution channel
If the cost of product is $30 and the profit margin for each unit is $3 then the price that must be charged to customers is?
A $30
B $33
C $27
D $34
Correct Answer: $33
The convenience products in industrial markets are also called as?
A industry supplies
B industry services
C industry capital items
D industry material and parts
Correct Answer: industry supplies
The new brands a company develops with its own resources and R&D efforts are called?
A new products
B existing products
C acquisition
D mergers
Correct Answer: new products
The ‘marketing strategy statement’ third part consists of?
A target market
B planned value proposition
C sales, profit goals, market share
D developing mission statement
Correct Answer: sales, profit goals, market share
The tests in test marketing are?
A controlled test markets
B simulated test markets
C free test markets
D both a and b
Correct Answer: both a and b
The sales of market offering in growth stage of product life cycle are recorded as?
A low sales
B rapidly rising sales
C peak sales
D declining sales
Correct Answer: rapidly rising sales
The clothing lines distribution as casual clothes and formal clothes is a classic example of?
A styles
B fashion
C norms
D followers
Correct Answer: styles
The method of managing promotional budget to match the outlays of competitors is called?
A percentage of sales method
B affordable method
C competitive parity method
D objective and task method
Correct Answer: competitive parity method
The customers in the decline stage are classified as?
A innovators
B early adopters
C middle majority
D laggards
Correct Answer: laggards
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