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MCQs

Total Questions : 234 | Page 8 of 24 pages
Question 71. Price-quantity pair where quantity demanded is equivalent to extent supplied, characterized by intersection of demand and supply curves is
  1.    equilibrium
  2.    equilibrium demand
  3.    equilibrium supply
  4.    equilibrium curve
 Discuss Question
Answer: Option A. -> equilibrium
Answer: (a).equilibrium
Question 72. A table that demonstrate association among price of a good and quantity supplied is
  1.    demand schedule
  2.    supply schedule
  3.    demand
  4.    supply
 Discuss Question
Answer: Option B. -> supply schedule
Answer: (b).supply schedule
Question 73. Customers will be ready to purchase a specified quantity of a product, at a specified price, if marginal utility of further spending is equivalent to the
  1.    cost
  2.    opportunity cost
  3.    revenue
  4.    product cost
 Discuss Question
Answer: Option B. -> opportunity cost
Answer: (b).opportunity cost
Question 74. How much (quantity) of a commodities or service is wanted by buyers is
  1.    supply
  2.    demand
  3.    elasticity
  4.    law of demand
 Discuss Question
Answer: Option B. -> demand
Answer: (b).demand
Question 75. The Company?s strengths and weakness are evaluated in
  1.    PEST analysis
  2.    SWOT analysis
  3.    Both a and b
  4.    None of above
 Discuss Question
Answer: Option B. -> SWOT analysis
Answer: (b).SWOT analysis
Question 76. According to customers, the trend of interpreting information in a way to support what they already believe is
  1.    selective attention
  2.    selective distortion
  3.    selective retention
  4.    all of above
 Discuss Question
Answer: Option B. -> selective distortion
Answer: (b).selective distortion
Question 77. The adopter group 'early majority' is
  1.    deliberate
  2.    guided by respect
  3.    skeptical
  4.    tradition bound
 Discuss Question
Answer: Option A. -> deliberate
Answer: (a).deliberate
Question 78. The kind of sales people who travel to call all the customers in field is classified as
  1.    inside sales force
  2.    outside sales force
  3.    channel intermediaries
  4.    nominal sales force
 Discuss Question
Answer: Option B. -> outside sales force
Answer: (b).outside sales force
Question 79. The 'social factors' includes
  1.    small groups
  2.    family
  3.    social roles and status
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 80. The tendency to which innovation may tried for limited time is
  1.    relative advantage
  2.    divisibility
  3.    communicability
  4.    compatibility
 Discuss Question
Answer: Option B. -> divisibility
Answer: (b).divisibility

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