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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 price discrimination in which seller charges different prices to different customers on the basis of their demand is classified as __________?

A second-degree price discrimination

B first-degree price discrimination

C third-degree discrimination

D fourth-degree discrimination

Review Detailed Answer

Correct Answer: first-degree price discrimination

Considering auction-type pricing, the techniques are involved like ___________?

A English auctions

B Dutch auctions

C Sealed-bid auctions

D all of the above

Review Detailed Answer

Correct Answer: all of the above

If the unit cost is $25 and the desired return on sales is 60% then the markup price is _________?

A $62.50

B $65.50

C $69.50

D $75.50

Review Detailed Answer

Correct Answer: $62.50

The desired return is subtracted from 1 and is divided by unit cost to calculate __________?

A markup demand

B unit cost

C markup cost

D markup price

Review Detailed Answer

Correct Answer: markup price

The fixed cost is divided by unit sales and then added into variable cost for calculation is ___________?

A markup demand

B unit cost

C markup cost

D markup price

Review Detailed Answer

Correct Answer: unit cost

The pricing technique through sellers charge constant low prices without any sales promotion effort is classified as ________?

A perceived pricing

B everyday low pricing

C high low pricing

D value pricing

Review Detailed Answer

Correct Answer: everyday low pricing

The maximum current profit, market skimming, product quality leadership and market share are considered as the techniques of _________?

A determining demand

B select pricing objective

C analyzing prices of competitor’s

D estimating costs

Review Detailed Answer

Correct Answer: select pricing objective

If the total cost is $70000 and the level of production is 30000 units then the average cost will be __________?

A $2.33

B $3.33

C $4.33

D $5.33

Review Detailed Answer

Correct Answer: $2.33

The demand curve for the prestige goods slopes is __________?

A upward

B downward

C leftward

D rightward

Review Detailed Answer

Correct Answer: upward

If the unit cost is $30, desired return on sales is 75%, invested capital $60000 and units sold are 20000 then target return price is __________?

A $45.25

B $40.25

C $36.25

D $32.25

Review Detailed Answer

Correct Answer: $32.25

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The price discrimination in which seller charges different prices to different customers on the basis of their demand is classified as __________?

Considering auction-type pricing, the techniques are involved like ___________?

If the unit cost is $25 and the desired return on sales is 60% then the markup price is _________?

The desired return is subtracted from 1 and is divided by unit cost to calculate __________?

The fixed cost is divided by unit sales and then added into variable cost for calculation is ___________?

The pricing technique through sellers charge constant low prices without any sales promotion effort is classified as ________?

The maximum current profit, market skimming, product quality leadership and market share are considered as the techniques of _________?

If the total cost is $70000 and the level of production is 30000 units then the average cost will be __________?

The demand curve for the prestige goods slopes is __________?

If the unit cost is $30, desired return on sales is 75%, invested capital $60000 and units sold are 20000 then target return price is __________?