MBA — Quiz

MBA Business Economics MCQ Set 2

49 questions · Test your knowledge

1 Decision making and ______________ are the two important functions of executive of business firms
2 _______ shows the change in quantity demanded as a result of a change in consumers' income
3 The firm charges price in tune with the industry’s price is called
4 Which one of the following is not a reason for adopting skimming price strategy
5 Information for pricing decisions involves:
6 The marginal revenue equation can be derived from the:
7 Functional relationship between input and output known as
8 in economics ______________ means 'a state of rest 'or 'stability'
9 Selling cost is the feature of the market form
10 Which is the reason of skimming price?
11 Which is the condition of for market penetration?
12 If the commodities are substitute in nature, cross elasticity will be
13 Which one of the following is not an internal factor influencing pricing policy
14 For the commodities like salt, sugar etc., the income elasticity will be
15 In the above function, the letter Y stands for
16 When a small change in price leads to infinite change in quantity demanded, it is called
17 An increase in income may lead to an increase in the quantity demanded, it is
18 Fixing high price during the introduction is called
19 In a perfectly competitive market, individual firm
20 Which is the determinant of the pricing policy of a firm?
21 The causes of emergence of monopoly is/are:
22 ________ is situation of severely falling prices and lowest level of economic activities
23 Purposes of Short term Demand forecasting doesn't includes;
24 Unitary elasticity of demand mean
25 Quantity remains the same whatever the change in price, this is the case of
26 Which of the following is not a function of managerial economists
27 Analysis of long run and short run affects of decisions on revenue as well as costs is based on
28 Which is the characteristics of managerial economics
29 In the case of ______________ Consumer may moves to higher or lower demand curve
30 _____ means an attempt to determine the factors affecting the demand of a commodity or service and to measure such factors and their influences
31 In the case of unitary elastic demand, the shape of demand curve is
32 Demand for necessary goods (salt, rice, etc,) is ______________ and demand for comfort and luxury good is
33 _____ Method is also known as Sales‐Force –Composite method or collective opinion method
34 Which one of the following is an internal factor influencing pricing
35 _______ forecasting is more important from managerial view point as it helps the management in decision making with regard to the firms demand and production.
36 Total Revenue will be maximum at the point where Marginal Revenue is
37 Under ______________ Method, a panel is selected to give suggestions to solve the problems in hand
38 Method of charging low price initially called _______
39 Which of the following is/ are the reason for adopting skimming price strategy
40 Under oligopoly a single seller cannot influence significantly
41 Average cost pricing is also called as
42 Which of the following is / are the reason for adopting penetration price strategy
43 Purposes of Short term Demand forecasting includes;
44 Demand for tyres depends on demand of vehicles, the demand for tyres called as
45 when income increases, quantity demanded falls, it is
46 Consumer Interview method of demand forecasting may undertaken by;
47 Under which method, the cost is added with the predetermined target rate of return on capital invested
48 Prices of Bata shoe as Rs.99.99, this pricing is
49 Average revenue is the revenue per
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