economics MCQs – Page 344

Practise multiple-choice questions from economics for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

economics Mcqs

1. the national economy 2. profit maximizing under perfect competition and monopoly 3. application of economics 4. the aggregate demand aggregate supply model 5. surplus 6. money interest rates and output 7. average and total cost 8. stabilization adjustment reform and privatization 9. risks and diversification efficient market hypothesis 10. the phillips curve 11. supply and demand 12. capital formation investment choice information technology and technical progress 13. aggregate supply unemployment and inflation 14. elasticity 15. comparative gdp 16. roots of modern macroeconomics 17. production factors 18. poverty malnutrition and income inequality 19. trade regulations and industrial policies 20. monetary union 21. exchange rate systems and currency crises 22. economic development in historical perspective 23. exchange rate determination 24. monopoly competition 25. the balance of payments 26. inflation productivity 27. macroeconomic issues and analysis 28. employment migration and urbanization 29. macroeconomic policy tools 30. supply side policies 31. exchange rate adjustments and the balance of 32. miscellaneous 33. taxation 34. trade policies for the developing nations 35. markets efficiency and the public interest 36. the external debt and financial crises 37. budget deficits and the trade balance 38. alternative theories of the firm 39. public goods 40. the meaning and measurement of economic development 41. characteristics and institutions of developing countries 42. agriculture irrigation system of pakistan 43. education health and human capital 44. economic problems of developing countries 45. theories of economic development 46. basic of economics 47. consumer theory vs real consumers 48. applied microeconomics 49. long term economic growth 50. externality internality 51. fiscal and monetary policy 52. prices wages taxes 53. balance of payments aid and foreign investment 54. international factor movements and multinational corporations 55. entrepreneurship organization and innovation 56. the international economy and globalization 57. population and development 58. non tariff trade barriers 59. foundations of modern trade theory 60. global economic development 61. market 62. rural poverty and agricultural transformation 63. regional trading arrangements 64. foreign exchange 65. introduction to economics 66. world economy miscellaneous 67. sources of comparative advantage 68. natural resources and the environment toward sustainable development 69. monopoly 70. asymmetric information 71. income inequality 72. labour market 73. tariffs 74. development planning and policy making the state and the market 75. oligopoly 76. industrial development 77. costs supply and perfect competition 78. human capital 79. monetary fiscal and incomes policy and inflation 80. stocks

6861. Sellers that handle their own exports are engaged in ?
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A. indirect exporting

B. contract manufacturing

C. direct exporting

D. licensing

6862. Conflicts between different levels of the same channel of distribution are referred to as ?
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A. vertical conflicts

B. horizontal conflicts

C. parallel conflicts

D. layer-based conflicts

6863. _______ is quoted as saying that everyone lives by selling something?
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A. Robert Louis Stevenson

B. Bill Gates

C. Arthur Miller

D. Henry Ford

6864. _______ factors are the most popular bases for segmenting customer groups?
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A. Geographic

B. Behavioral

C. Psychographic

D. Demographic

6865. If your company were to make light bulbs to be used in photocopiers you would most likely be selling to a _________ market?
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A. service

B. reseller

C. government

D. business

6866. A(n) _____ is a retail store that carries a narrow product line with a deep assortment within that line ?
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A. specialty store

B. convenience store

C. shopping goods store

D. department store

6867. If a firm were to bid to do a turnkey operation where they would choose a building site designing a cement factory to build the plant hire construction crews assemble materials and equipment to run the new factory and turn over the finished factory ready to operate to the owners the firm would be using which of the following ?
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A. Core Process products selling

B. Design Products selling

C. Systems selling

D. Reciprocal spelling

6868. Today advertising captures about ________ percent of total promotion spending?
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A. 23

B. 33

C. 29

D. 15

6869. 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 ?
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A. Governmental regulation

B. Naders raiders

C. The green movement

D. International competition

6870. Even through buying roles in the family change constantly the _________ has traditionally been the main purchasing agent for the family?
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A. husband

B. grandparent

C. teenage children

D. wife

6871. All of the following considered to be drawbacks of local marketing EXCEPT ?
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A. it can create logistical problems when the company tries to meet varied requirements

B. it can drive up manufacturing and marketing costs by reducing economies of scale

C. it can attract unwanted competition

D. it can dilute the brands overall image

6872. ________ is the process of evaluating each market segments attractiveness and selecting one or more segments to enter?
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A. Market targeting

B. Market segmentation

C. Mass marketing

D. Market positioning

6873. A price reduction to buyers who buy in large volumes is called a(n) ?
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A. trade discount

B. seasonal discount

C. cash discount

D. quantity discount

6874. More and more salespeople are being evaluated and compensated based on different measures than in the past. All of the following are illustrations of those measures EXCEPT ?
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A. competitive predatory pricing performance

B. long term customer sanctification

C. full customer service

D. retention rates

6875. If Honda uses its company name to cover such different products as its automobiles lawn mowers and motorcycles, it is practicing which of the following strategies ?
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A. new brand strategy

B. line extension strategy

C. brand extension strategy

D. multiband strategy

6876. One of the most common problems with using internal database information is that ?
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A. it is usually expensive to retrieve

B. top executives are usually unwilling to relinquish data therefore the data has limits

C. since it was probably collected for some other purpose it may be incomplete or wrong

D. the data is almost always unsecured and therefore, suspect as to reliability

6877. If some gain and some lose as the result of a proposed change and it can be demonstrated that the value of the gains would exceed the value of the losses then the change is said to be ?
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A. unequivocally Pareto optimal

B. inefficient.

C. technically efficient.

D. potentially efficient

6878. Each salesperson is assigned to an exclusive area in which to sell the companys full line of products or services in which type of salesforce structure ?
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A. Product sales force

B. Hybrid sales force

C. Territorial sales force

D. Customer sales force

6879. A _______ is a promotion strategy that calls for using the sales force and trade promotion to move the produce through channels ?
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A. pull strategy

B. blocking strategy

C. push strategy

D. integrated strategy

6880. Costs that do not vary with production or sales levels are called ?
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A. variable costs

B. independent costs

C. fixed costs

D. standard costs

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