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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 ‘marketing strategy statement’ the second part consists of?
A target market
B planned value proposition
C sales, profit goals, market share
D developing mission statement
Correct Answer: planned value proposition
The price adjustments made for volume purchases, payment of bills and off season buying includes?
A discount and allowances
B zone price adjustment
C basing point adjustment
D geographic adjustment
Correct Answer: discount and allowances
The pricing strategy which considers setting the price after designing marketing program is classified as?
A value based pricing
B cost based pricing
C discount based pricing
D ceiling based pricing
Correct Answer: value based pricing
The set price limit from which no more demand is accepted is classified as?
A cost ceiling
B cost floor
C price ceiling
D price floor
Correct Answer: price ceiling
The fourth step of value based pricing is to?
A determine incurred costs
B design product
C assess needs of customer
D set target price
Correct Answer: design product
The pricing strategy in which prices are adjusted for psychological effect is classified as?
A segmented pricing
B psychological pricing
C promotional pricing
D geographical pricing
Correct Answer: psychological pricing
According to PLC stage, when a newly developed product satisfies the market then the stage it enters called?
A growth stage
B lately buying stage
C segmenting stage
D targeting stage
Correct Answer: growth stage
The last step of cost based pricing is to?
A set price based on cost
B convince buyer about products value
C design a product
D determine cost of product
Correct Answer: convince buyer about products value
For developing new products, the company must know its?
A markets
B consumers
C competitors
D all of above
Correct Answer: all of above
The value that customers give up to get the benefits of products or services is classified as?
A discount
B value added tax
C price
D tax
Correct Answer: price
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