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MCQs

Total Questions : 234 | Page 5 of 24 pages
Question 41. The type of auctions which considers both situations such as, many buyers and one seller or one seller and many buyers, is classified as
  1.    Australian auctions
  2.    English auctions
  3.    Dutch auctions
  4.    Sealed-bid auctions
 Discuss Question
Answer: Option C. -> Dutch auctions
Answer: (c).Dutch auctions
Question 42. Considering the Dutch auctions, the technique in which the auctioneer lower the announced price till bidder accepts price is used in situation of
  1.    One seller, many buyers
  2.    One buyer, many sellers
  3.    many sellers, many buyers
  4.    None of above
 Discuss Question
Answer: Option A. -> One seller, many buyers
Answer: (a).One seller, many buyers
Question 43. The form of countertrade in which seller sells equipment to some other country and receives money and goods as payments is called
  1.    barter
  2.    compensation deal
  3.    offset
  4.    buy back arrangement
 Discuss Question
Answer: Option D. -> buy back arrangement
Answer: (d).buy back arrangement
Question 44. Considering accumulated production experience, the decreasing in average cost is classified as
  1.    experience curve
  2.    learning curve
  3.    observational curve
  4.    Both a and b
 Discuss Question
Answer: Option D. -> Both a and b
Answer: (d).Both a and b
Question 45. The pricing technique according to which seller's charge high prices every day and offer low prices on temporary basis is classified as
  1.    high low pricing
  2.    value pricing
  3.    perceived pricing
  4.    everyday low pricing
 Discuss Question
Answer: Option A. -> high low pricing
Answer: (a).high low pricing
Question 46. If the fixed cost is $80000, variable cost is $10 and the product is sold at $25 then the break-even volume will be
  1.    5333
  2.    6333
  3.    7333
  4.    4333
 Discuss Question
Answer: Option A. -> 5333
Answer: (a).5333
Question 47. If the demand for the product does not change with the small change in price then the demand is said to be
  1.    interactive
  2.    augmented
  3.    elastic
  4.    inelastic
 Discuss Question
Answer: Option D. -> inelastic
Answer: (d).inelastic
Question 48. The pricing value of the product which is based on image of buyers about customer support, warranty and support is classified as
  1.    target profit pricing
  2.    break-even pricing
  3.    perceived value pricing
  4.    target return pricing
 Discuss Question
Answer: Option C. -> perceived value pricing
Answer: (c).perceived value pricing
Question 49. The selling of the product's price is set with the help of
  1.    demand
  2.    supply
  3.    cost
  4.    discount and allowance
 Discuss Question
Answer: Option A. -> demand
Answer: (a).demand
Question 50. The cost of products that fluctuate with the level of production are classified as
  1.    total costs
  2.    augmented costs
  3.    variable costs
  4.    fixed costs
 Discuss Question
Answer: Option C. -> variable costs
Answer: (c).variable costs

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