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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 kind of pricing in which prices are set below the cost temporarily and intentionally to destroy the competitors is classified as _________?
A non-predatory pricing
B predatory pricing
C descriptive pricing
D augmented pricing
Correct Answer: predatory pricing
The sum of variable costs and fixed costs is classified as _______?
A fixed costs
B total costs
C augmented costs
D variable costs
Correct Answer: total costs
The pricing objective of company who is plagued with intense competition and overcapacity is ___________?
A maximum market skimming
B maximum market share
C maximum current profit
D survival
Correct Answer: survival
The target return pricing method is used by company’s selling for _________?
A demand inelastic items
B specialty items
C public utilities
D slower moving items
Correct Answer: public utilities
The reduction in price awarded to customers who buy products in large volumes is classified as ________?
A unbundling
B delayed quotation pricing
C reduction of discounts
D reduction of discounts
Correct Answer: reduction of discounts
The method of pricing in which desired return is multiplied to invested capital divided by unit sales and unit cost is added into result is classified as _________?
A target return price
B value pricing
C perceived pricing
D target markup price
Correct Answer: target return price
If the fixed cost is $45000, units sold are 60000 and the variable cost is $25 then the unit cost will be __________?
A $33.75
B $30.75
C $25.75
D $28.75
Correct Answer: $25.75
The pricing technique according to which company charges it’s customers on the basis of prices competitors is classified as _________?
A value pricing
B perceived pricing
C going rate pricing
D high low pricing
Correct Answer: going rate pricing
The amusement parks charge less to school trips, is an example of ___________?
A channel pricing
B customer segment pricing
C product form pricing
D image pricing
Correct Answer: customer segment pricing
Considering the Dutch auctions, the technique in which the potential auctioneer offers the lowest to compete, is used in situation of __________?
A One seller, many buyers
B One buyer, many sellers
C many sellers, many buyers
D one buyer, one seller
Correct Answer: One buyer, many sellers
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