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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 third step of value based pricing is to?
A assess needs of customer
B set target price
C determine incurred costs
D design product
Correct Answer: determine incurred costs
The independent wholesaler which takes title of market offering is called?
A agents and brokers
B manufacturer’s sales branches
C voluntary franchise chain
D merchant wholesalers
Correct Answer: merchant wholesalers
The retailing operation which is operated and owned by manufacturer and carries surplus or irregular goods is classified as?
A factory outlets
B warehouse clubs
C factory clubs
D surplus center
Correct Answer: factory outlets
The retailer store which carries deep assortment of specialty product line and customers are served by knowledgeable staff is classified as?
A category killer
B discount killer
C limited inbound retailers
D limited outbound retailers
Correct Answer: category killer
The contractual agreement between independent retailers that has set up central wholesale operation and conduct joint promotion is classified as?
A voluntary franchise
B involuntary cooperative
C retailer cooperative
D voluntary cooperative
Correct Answer: retailer cooperative
Considering the franchise organization, the independent business people involved other than service organization is represented as?
A specialty line handlers
B corporate units
C franchisor
D franchisee
Correct Answer: franchisee
The retail stores such as Best Buy, Staples and Pet Smart are examples of?
A superstore
B outbound stores
C inbound stores
D intensive stores
Correct Answer: superstore
The fixed equipment such as office generators, drill presses and elevators are classified as?
A industry capital items
B industry material and parts
C office equipment
D specialty industrial products
Correct Answer: industry capital items
The products such as major household appliances like TVs and refrigerators are classified as?
A convenience sought products
B unsought industrial products
C sought non-specialty products
D shopping products
Correct Answer: shopping products
The products that requires aggressive personal selling efforts are considered as?
A sought specialty products
B augmented industrial product
C unsought shopping products
D unsought consumer products
Correct Answer: unsought consumer products
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