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Management Sciences 5307 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 young and impulsive people who seek excitement and variety can be the best __________?

A innovators

B non-innovators

C experiences

D non-achievers

Review Detailed Answer

Correct Answer: experiences

According to VALS framework, the consumer’s dimension groups having high resources do not include _________?

A innovators

B thinkers

C achievers

D strivers

Review Detailed Answer

Correct Answer: strivers

The pricing strategy uses by companies, operating in price sensitive market is classified as ___________?

A market penetration pricing

B market skimming pricing

C quality leadership pricing

D push pricing strategy

Review Detailed Answer

Correct Answer: market penetration pricing

If the demand of the product changes considerably with the small change in price then the demand is said to be __________?

A interactive

B augmented

C elastic

D inelastic

Review Detailed Answer

Correct Answer: elastic

On The Christmas and Easter, lower prices pricing techniques are classified as _______?

A cash rebates

B special customer pricing

C loss leader pricing

D special event pricing

Review Detailed Answer

Correct Answer: special event pricing

The costs of products that do not fluctuate with the level of production are classified as _________?

A quality costs

B augmented costs

C variable costs

D fixed costs

Review Detailed Answer

Correct Answer: fixed costs

The reduction in price awarded to customers who buy products in large volumes is classified as __________?

A non-functional discount

B discount

C quantity discount

D descriptive discount

Review Detailed Answer

Correct Answer: discount

If the desired return on sales is 70% and the markup price is $65 then the unit cost will be ___________?

A $30.00

B $25.50

C $19.50

D $22.50

Review Detailed Answer

Correct Answer: $19.50

The ice-cream brand sell their same serving of ice-cream at different locations depend on from where you can buy, is an example of ___________?

A location pricing

B channel pricing

C customer segment pricing

D product-form pricing

Review Detailed Answer

Correct Answer: channel pricing

The form of countertrade in which seller gets payments in cash and agrees to spend amount of money within specific time period is classified as __________?

A offset

B buy back arrangement

C barter

D compensation deal

Review Detailed Answer

Correct Answer: offset

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The young and impulsive people who seek excitement and variety can be the best __________?

According to VALS framework, the consumer’s dimension groups having high resources do not include _________?

The pricing strategy uses by companies, operating in price sensitive market is classified as ___________?

If the demand of the product changes considerably with the small change in price then the demand is said to be __________?

On The Christmas and Easter, lower prices pricing techniques are classified as _______?

The costs of products that do not fluctuate with the level of production are classified as _________?

The reduction in price awarded to customers who buy products in large volumes is classified as __________?

If the desired return on sales is 70% and the markup price is $65 then the unit cost will be ___________?

The ice-cream brand sell their same serving of ice-cream at different locations depend on from where you can buy, is an example of ___________?

The form of countertrade in which seller gets payments in cash and agrees to spend amount of money within specific time period is classified as __________?