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Economics Mcqs 4423 MCQs [All-Courses]

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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.

All Topics  4423

When personal interviewing involves inviting six to ten people to gather for a few hours with a trained interviewers to talk about a product service, or organization the method is called ?
A Selective sponsorship
B Probing
C focus group interviewing
D the Delphi method
Correct Answer: focus group interviewing
A ________ is any activity or benefit offered for sale that is essentially intangible and does not result in the ownership of anything?
A demand
B basic staple
C product
D service
Correct Answer: service
A(n) ________ is a name term sign symbol or design, or a combination of these that identifies that maker or seller of a product or service ?
A Product feature
B sponsorship
C brand
D logo
Correct Answer: brand
If your company were to make light bulbs to be used in photocopiers you would most likely be selling to a _________ market?
A reseller
B business
C government
D service
Correct Answer: business
The Choice between high markups and high volume is part of which of the following retailer marketing decisions ?
A Target market decisions
B Produced assortment and services decisions
C Pricing decisions
D Promotion decisions
Correct Answer: Pricing decisions
__________ is person’s distinguishing psychological characteristics that lead to his or her own environment?
A Psychographics
B Personality
C Demographics
D Lifestyle
Correct Answer: Personality
When producers, wholesalers, and retailers act as a unified system they comprise a ?
A conventional marketing system
B power-based marketing system
C horizontal marketing system
D vertical marketing system
Correct Answer: vertical marketing system
The most logical budget setting method is found in the list below. Which is it ?
A Affordable method
B Percentage of sales method
C Competitive parity method
D Objective and task method
Correct Answer: Objective and task method
All of the following are methods by which a company can divide up its sales responsibilities EXCEPT ?
A territorial sales force structure
B pychographic trait sales force structure
C product sales force structure
D customer sales force structure
Correct Answer: pychographic trait sales force structure
The American Marketing Association suggests a list of code of ethics All of the following are ethics suggested in the area of distribution EXCEPT ?
A not manipulating the availability of a product for purpose of explotation
B not using coercion in the marketing channel
C using gray marketers whenever possible to save the consumer money
D not exerting undue influence over the reseller’s choice to handle a product
Correct Answer: using gray marketers whenever possible to save the consumer money
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