Management Sciences 5308 MCQs [All-Courses]

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.

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

Review Detailed Answer

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

Review Detailed Answer

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

Review Detailed Answer

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

Review Detailed Answer

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

Review Detailed Answer

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

Review Detailed Answer

Correct Answer: price

The pricing strategy for new product through which revenues are collected from segments willing to pay higher prices is classified as?

A market skimming pricing

B market penetration strategy

C business line pricing

D product line pricing

Review Detailed Answer

Correct Answer: market skimming pricing

The kind of pricing strategy in which one product or service is sold for two different prices without any differences in cost is classified as?

A segmented pricing

B psychological pricing

C promotional pricing

D geographical pricing

Review Detailed Answer

Correct Answer: segmented pricing

The product life cycle (PLC) stages includes?

A product development

B growth

C maturity and decline

D all of above

Review Detailed Answer

Correct Answer: all of above

In the ‘growth stage of product life cycle’ the cost per customer is?

A high

B low

C average

D moderate

Review Detailed Answer

Correct Answer: average

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Management Sciences 5308 MCQs [All-Courses]

All Topics 5308

All Topics 5308

The fourth step of value based pricing is to?

The pricing strategy in which prices are adjusted for psychological effect is classified as?

According to PLC stage, when a newly developed product satisfies the market then the stage it enters called?

The last step of cost based pricing is to?

For developing new products, the company must know its?

The value that customers give up to get the benefits of products or services is classified as?

The pricing strategy for new product through which revenues are collected from segments willing to pay higher prices is classified as?

The kind of pricing strategy in which one product or service is sold for two different prices without any differences in cost is classified as?

The product life cycle (PLC) stages includes?

In the ‘growth stage of product life cycle’ the cost per customer is?

Contact Info

Management Sciences 5308 MCQs [All-Courses]

All Topics 5308

All Topics 5308

Accounting Mcqs 1450

Auditing Mcqs 145

Finance Mcqs 1051

HRM Mcqs 940

Marketing Mcqs 1722

The fourth step of value based pricing is to?

The pricing strategy in which prices are adjusted for psychological effect is classified as?

According to PLC stage, when a newly developed product satisfies the market then the stage it enters called?

The last step of cost based pricing is to?

For developing new products, the company must know its?

The value that customers give up to get the benefits of products or services is classified as?

The pricing strategy for new product through which revenues are collected from segments willing to pay higher prices is classified as?

The kind of pricing strategy in which one product or service is sold for two different prices without any differences in cost is classified as?

The product life cycle (PLC) stages includes?

In the ‘growth stage of product life cycle’ the cost per customer is?