Economics MCQs

4475 MCQs  (Page 142 of 448)

Attempt Economics Mcqs Quiz
Even through buying roles in the family change constantly the _________ has traditionally been the main purchasing agent for the family?
A. Wife
B. Husband
C. Teenage children
D. Grandparent
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Rolls Royce uses which of the following distribution formats ?
A. Intensive distribution
B. Exclusive distribution
C. Selective distribution
D. Open distribution
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A set of interdependent organizations involved in the process of making a product or service available for use or consumption by the consumer or business user is called a(n) ?
A. Retailer
B. Wholesaler
C. Distribution channel
D. Logistics
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According to Engel’s law as income rises ?
A. The percentage spent on food rises
B. The percentage spent on housing increases
C. The percentage spent on other categories increase
D. The percentage spent on savings remains constant
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In evaluating messages for advertising telling how the product is better than the competing brands aims at making the ad ?
A. Meaningful
B. Distinctive
C. Believable
D. Remembered
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According to the price/quality strategy matrix when a company overprices its product in relation to its quality it is considered to be using which type of strategy ?
A. Good-value strategy
B. Premium strategy
C. Overcharging strategy
D. Snob strategy
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3M runs a Pollution a Prevention Pays program that has led to a substantial reduction in pollution and costs this would be an example of responding and costs. This would be an example of responding to which of the following ?
A. Nader’s raiders
B. The green movement
C. Governmental regulation
D. International competition
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The stage is the product life cycle that focuses on expanding market and creating product awareness and trails is the ?
A. Decline stage
B. Introduction stage
C. Growth stage
D. Maturity stage
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If the field salesforce has been supplied with new leads (via the telephone) that have been qualified, they have probably been assisted by ?
A. Master salespersons
B. Sales assistants
C. Technical support persons
D. Telemarketers
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_________ is a principle of enlightened marketing that requires that a company seek real product and marketing improvements ?
A. Innovative marketing
B. Consumer oriented marketing
C. Value marketing
D. Sense of mission marketing
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Word of the Day
25 Jul
January
a preference or special liking for something; a bias in favour of something.
2021:00:00

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