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Economics Mcqs 4423 MCQs [All-Courses]

Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

A _________ is a need that is sufficiently pressing to direct the person to seek satisfaction?

A motive

B want

C demand

D requirement

Review Detailed Answer

Correct Answer: motive

The purpose of strategic planning is to find ways in which the company can best ?

A overcome losses

B use its strengths to take advantage of attractive opportunities in the environment

C avoid paying taxes

D avoid the expense of costly research and development while still getting the benefits

Review Detailed Answer

Correct Answer: use its strengths to take advantage of attractive opportunities in the environment

Even through buying roles in the family change constantly the _________ has traditionally been the main purchasing agent for the family?

A wife

B husband

C teenage children

D grandparent

Review Detailed Answer

Correct Answer: wife

A _______ is a promotion strategy that calls for using the sales force and trade promotion to move the produce through channels ?

A push strategy

B pull strategy

C blocking strategy

D integrated strategy

Review Detailed Answer

Correct Answer: push strategy

According to the price/quality strategy matrix when a company overprices its product in relation to its quality it is considered to be using which type of strategy ?

A Good-value strategy

B Premium strategy

C Overcharging strategy

D Snob strategy

Review Detailed Answer

Correct Answer: Overcharging strategy

In evaluating messages for advertising telling how the product is better than the competing brands aims at making the ad ?

A meaningful

B distinctive

C believable

D remembered

Review Detailed Answer

Correct Answer: distinctive

According to Engel’s law as income rises ?

A The percentage spent on food rises

B The percentage spent on housing increases

C The percentage spent on other categories increase

D The percentage spent on savings remains constant

Review Detailed Answer

Correct Answer: The percentage spent on other categories increase

A set of interdependent organizations involved in the process of making a product or service available for use or consumption by the consumer or business user is called a(n) ?

A retailer

B wholesaler

C distribution channel

D logistics

Review Detailed Answer

Correct Answer: distribution channel

Rolls Royce uses which of the following distribution formats ?

A Intensive distribution

B Exclusive distribution

C Selective distribution

D Open distribution

Review Detailed Answer

Correct Answer: Exclusive distribution

If the field salesforce has been supplied with new leads (via the telephone) that have been qualified, they have probably been assisted by ?

A master salespersons

B sales assistants

C technical support persons

D telemarketers

Review Detailed Answer

Correct Answer: telemarketers

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Economics Mcqs 4423 MCQs [All-Courses]

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All Topics 4423

A _________ is a need that is sufficiently pressing to direct the person to seek satisfaction?

The purpose of strategic planning is to find ways in which the company can best ?

Even through buying roles in the family change constantly the _________ has traditionally been the main purchasing agent for the family?

A _______ is a promotion strategy that calls for using the sales force and trade promotion to move the produce through channels ?

According to the price/quality strategy matrix when a company overprices its product in relation to its quality it is considered to be using which type of strategy ?

In evaluating messages for advertising telling how the product is better than the competing brands aims at making the ad ?

According to Engel’s law as income rises ?

A set of interdependent organizations involved in the process of making a product or service available for use or consumption by the consumer or business user is called a(n) ?

Rolls Royce uses which of the following distribution formats ?

If the field salesforce has been supplied with new leads (via the telephone) that have been qualified, they have probably been assisted by ?