MBA Business Economics MCQ Set 2 MBA MCQs: multiple choice questions and answers,Mock Tests and Practice Papers

MBA/MBA Business Economics MCQ Set 2 Sample Test,Sample questions

Question:

An increase in income may lead to an increase in the quantity demanded, it is

1.Positive income elasticity

2.Zero income elasticity

3.Negative income elasticity

4.Unitary income elasticity

Posted Date:-2021-11-04 08:14:32

Question:

Analysis of long run and short run affects of decisions on revenue as well as costs is based on

1.Principle of time perspective

2.Equiâ€marginal principle

3.incremental principle

4.None of these

Posted Date:-2021-11-04 08:21:03

Question:

Average cost pricing is also called as

1.cost plus pricing

2.marginal cost pricing

3.margin pricing

4.both a & c

Posted Date:-2021-11-04 08:32:54

Question:

Average revenue is the revenue per

1.unit commodity sold

2.total commodity sold

3.marginal commodity sold

4.None of these

Posted Date:-2021-11-04 08:36:32

Question:

Consumer Interview method of demand forecasting may undertaken by;

1.Complete enumeration

2.Sample survey

3.Endâ€use method

4.All the above.

Posted Date:-2021-11-04 08:35:06

Question:

Decision making and ______________ are the two important functions of executive of business firms

1.Forward planning

2.Directing

3.Supervising

4.Administration

Posted Date:-2021-11-04 07:17:20

Question:

Demand for necessary goods (salt, rice, etc,) is ______________ and demand for comfort and luxury good is

1.Elastic, inelastic

2.Inelastic, elastic

3.Elastic, elastic

4.Inelastic, inelastic

Posted Date:-2021-11-04 08:26:07

Question:

Demand for tyres depends on demand of vehicles, the demand for tyres called as

1.Composite demand

2.Derivative demand

3.Joint demand

4.Direct demand

Posted Date:-2021-11-04 08:34:15

Question:

Fixing high price during the introduction is called

1.skimming

2.penetrating

3.full cost pricing

4.target pricing

Posted Date:-2021-11-04 08:15:05

Question:

For the commodities like salt, sugar etc., the income elasticity will be

1.Zero

2.Negative

3.Positive

4.Unitary

Posted Date:-2021-11-04 08:10:16

Question:

Functional relationship between input and output known as

1.Conversion

2.Production function

3.Work in progress

4.Output function

Posted Date:-2021-11-04 07:20:08

Question:

If the commodities are substitute in nature, cross elasticity will be

1.Negative

2.Positive

3.Zero

4.Any of the above

Posted Date:-2021-11-04 07:22:45

Question:

In a perfectly competitive market, individual firm

1.cannot influence the price of its product

2.can influence the price of its product

3.can fix the price of its product

4.can influence the market force

Posted Date:-2021-11-04 08:15:56

Question:

in economics ______________ means 'a state of rest 'or 'stability'

1.Depression

2.Equilibrium

3.Maturity

4.growth

Posted Date:-2021-11-04 07:20:36

Question:

In the above function, the letter Y stands for

1.Yield of production

2.Income of consumers

3.Utility

4.Supply

Posted Date:-2021-11-04 08:11:33

Question:

In the case of unitary elastic demand, the shape of demand curve is

1.Vertical line

2.Horizontal line

3.Rectangular hyperbola

4.Steep

Posted Date:-2021-11-04 08:25:12

Question:

In the case of ______________ Consumer may moves to higher or lower demand curve

1.Extension of demand

2.Contraction of demand

3.Shift in demand

4.Slopes in demand

Posted Date:-2021-11-04 08:22:34

Question:

Information for pricing decisions involves:

1.Product information

2.Market information

3.Information at the micro level

4.All of these

Posted Date:-2021-11-04 07:19:20

Question:

Method of charging low price initially called _______

1.skimming

2.penetrating

3.full cost pricing

4.target pricing

Posted Date:-2021-11-04 08:31:22

Question:

Prices of Bata shoe as Rs.99.99, this pricing is

1.Mark up pricing

2.Odd pricing

3.Marginal cost pricing

4.Follow up pricing.

Posted Date:-2021-11-04 08:36:05

Question:

Purposes of Short term Demand forecasting doesn't includes;

1.Making a suitable production policy.

2.To reduce the cost of purchasing raw materials and to control inventory.

3.Deciding suitable price policy

4.Planning of a new unit or expansion of existing unit

Posted Date:-2021-11-04 08:18:20

Question:

Purposes of Short term Demand forecasting includes;

1.Making a suitable production policy.

2.To reduce the cost of purchasing raw materials and to control inventory.

3.Deciding suitable price policy

4.All the above

Posted Date:-2021-11-04 08:33:49

Question:

Quantity remains the same whatever the change in price, this is the case of

1.Perfectly elastic demand

2.Perfectly inelastic demand

3.Relative elastic demand

4.Relative inelastic demand

Posted Date:-2021-11-04 08:19:33

Question:

Selling cost is the feature of the market form

1.monopoly

2.monopolistic competition

3.oligopoly

4.None of these

Posted Date:-2021-11-04 07:21:01

Question:

The causes of emergence of monopoly is/are:

1.Concentration of ownership of raw materials

2.State regulation

3.Public utility services

4.All of these

Posted Date:-2021-11-04 08:17:09

Question:

The firm charges price in tune with the industryâ€™s price is called

1.competitive pricing

2.going rate pricing

3.tune pricing

4.target pricing

Posted Date:-2021-11-04 07:18:18

Question:

The marginal revenue equation can be derived from the:

1.Demand equation

2.Supply equation

3.Cost equation

4.Price equation

Posted Date:-2021-11-04 07:19:42

Question:

Total Revenue will be maximum at the point where Marginal Revenue is

1.One

2.Zero

3.<1

4.>1

Posted Date:-2021-11-04 08:30:26

Question:

Under oligopoly a single seller cannot influence significantly

1.market price

2.quantity supplied

3.advertisement cost

4.All the above.

Posted Date:-2021-11-04 08:32:17

Question:

Under which method, the cost is added with the predetermined target rate of return on capital invested

1.Cost plus pricing

2.Target pricing

3.Mark up pricing

4.None of these

Posted Date:-2021-11-04 08:35:39

Question:

Under ______________ Method, a panel is selected to give suggestions to solve the problems in hand

1.Opinion survey

2.Expert opinion

3.Delphi method

4.Consumer interview

Posted Date:-2021-11-04 08:30:53

Question:

Unitary elasticity of demand mean

1.EP =>1

2.EP =<1

3.EP =o

4.EP =1

Posted Date:-2021-11-04 08:18:57

Question:

When a small change in price leads to infinite change in quantity demanded, it is called

1.Perfectly elastic demand

2.Perfectly inelastic demand

3.Relative elastic demand

4.Relative inelastic demand

Posted Date:-2021-11-04 08:11:58

Question:

when income increases, quantity demanded falls, it is

1.Positive income elasticity

2.Zero income elasticity

3.Negative income elasticity

4.Unitary income elasticity

Posted Date:-2021-11-04 08:34:42

Question:

Which is the characteristics of managerial economics

1.Deals with both micro and macro aspects

2.Both positive and normative science

3.Deals with theoretical aspects

4.Deals with practical aspects.

Posted Date:-2021-11-04 08:22:05

Question:

Which is the condition of for market penetration?

1.High price elasticity of demand in the short run

2.Savings in production costs

3.Threat of potential competition

4.All of these

Posted Date:-2021-11-04 07:22:13

Question:

Which is the determinant of the pricing policy of a firm?

1.Channel of distribution

2.Age of product

3.Consumer association

4.All of these.

Posted Date:-2021-11-04 08:16:38

Question:

Which is the reason of skimming price?

1.Inelastic demand

2.Diversion of market

3.Safer price policy

4.All of these

Posted Date:-2021-11-04 07:21:47

Question:

Which of the following is / are the reason for adopting penetration price strategy

1.Economies of large scale production available to firm.

2.Potential market for the product is large.

3.Cost of production is low.

4.All the above.

Posted Date:-2021-11-04 08:33:21

Question:

Which of the following is not a function of managerial economists

1.Advice on trade and public relations

2.Economic analysis of agriculture

3.Investment analysis

4.Supervision and control

Posted Date:-2021-11-04 08:20:15

Question:

Which of the following is/ are the reason for adopting skimming price strategy

1.When the buyers are not able to compare the value and utility.

2.To attract the high income customers.

3.When the product has distinctive qualities, luxuries

4.All the above

Posted Date:-2021-11-04 08:31:49

Question:

Which one of the following is an internal factor influencing pricing

1.demand

2.competition

3.distribution channel

4.product life cycle

Posted Date:-2021-11-04 08:29:29

Question:

Which one of the following is not a reason for adopting skimming price strategy

1.When the demand of new product is relatively inelastic.

2.When there is no close substitutes

3.Elasticity of demand is not known

4.Product has high price elasticity in the initial stage

Posted Date:-2021-11-04 07:18:51

Question:

Which one of the following is not an internal factor influencing pricing policy

1.cost

2.objectives

3.marketing mix

4.demand

Posted Date:-2021-11-04 08:09:25

Question:

_____ means an attempt to determine the factors affecting the demand of a commodity or service and to measure such factors and their influences

1.Demand planning

2.Demand forecasting

3.Demand analysis

4.Demand estimation

Posted Date:-2021-11-04 08:24:20

Question:

_____ Method is also known as Salesâ€Force â€“Composite method or collective opinion method

1.Opinion survey

2.Expert opinion

3.Delphi method

4.Consumer interview method

Posted Date:-2021-11-04 08:29:00

Question:

_______ forecasting is more important from managerial view point as it helps the management in decision making with regard to the firms demand and production.

1.Macro level

2.Industry level

3.Firm level

4.None of these

Posted Date:-2021-11-04 08:29:56

Question:

_______ shows the change in quantity demanded as a result of a change in consumers' income

1.Price elasticity

2.Cross elasticity

3.Income elasticity

4.None of these

Posted Date:-2021-11-04 07:17:44

Question:

________ is situation of severely falling prices and lowest level of economic activities

1.Boom

2.Recovery

3.Recession

4.Depression

Posted Date:-2021-11-04 08:17:48

Posted on by R4R Team

MBA/MBA Business Economics MCQ Set 2 Sample Test,Sample questions

Question: An increase in income may lead to an increase in the quantity demanded, it is

Question: Analysis of long run and short run affects of decisions on revenue as well as costs is based on

Question: Average cost pricing is also called as

Question: Average revenue is the revenue per

Question: Consumer Interview method of demand forecasting may undertaken by;

Question: Decision making and ______________ are the two important functions of executive of business firms

Question: Demand for necessary goods (salt, rice, etc,) is ______________ and demand for comfort and luxury good is

Question: Demand for tyres depends on demand of vehicles, the demand for tyres called as

Question: Fixing high price during the introduction is called

Question: For the commodities like salt, sugar etc., the income elasticity will be

Question: Functional relationship between input and output known as

Question: If the commodities are substitute in nature, cross elasticity will be

Question: In a perfectly competitive market, individual firm

Question: in economics ______________ means 'a state of rest 'or 'stability'

Question: In the above function, the letter Y stands for

Question: In the case of unitary elastic demand, the shape of demand curve is

Question: In the case of ______________ Consumer may moves to higher or lower demand curve

Question: Information for pricing decisions involves:

Question: Method of charging low price initially called _______

Question: Prices of Bata shoe as Rs.99.99, this pricing is

Question: Purposes of Short term Demand forecasting doesn't includes;

Question: Purposes of Short term Demand forecasting includes;

Question: Quantity remains the same whatever the change in price, this is the case of

Question: Selling cost is the feature of the market form

Question: The causes of emergence of monopoly is/are:

Question: The firm charges price in tune with the industryâ€™s price is called

Question: The marginal revenue equation can be derived from the:

Question: Total Revenue will be maximum at the point where Marginal Revenue is

Question: Under oligopoly a single seller cannot influence significantly

Question: Under which method, the cost is added with the predetermined target rate of return on capital invested

Question: Under ______________ Method, a panel is selected to give suggestions to solve the problems in hand

Question: Unitary elasticity of demand mean

Question: When a small change in price leads to infinite change in quantity demanded, it is called

Question: when income increases, quantity demanded falls, it is

Question: Which is the characteristics of managerial economics

Question: Which is the condition of for market penetration?

Question: Which is the determinant of the pricing policy of a firm?

Question: Which is the reason of skimming price?

Question: Which of the following is / are the reason for adopting penetration price strategy

Question: Which of the following is not a function of managerial economists

Question: Which of the following is/ are the reason for adopting skimming price strategy

Question: Which one of the following is an internal factor influencing pricing

Question: Which one of the following is not a reason for adopting skimming price strategy

Question: Which one of the following is not an internal factor influencing pricing policy

Question: _____ means an attempt to determine the factors affecting the demand of a commodity or service and to measure such factors and their influences

Question: _____ Method is also known as Salesâ€Force â€“Composite method or collective opinion method

Question: _______ forecasting is more important from managerial view point as it helps the management in decision making with regard to the firms demand and production.

Question: _______ shows the change in quantity demanded as a result of a change in consumers' income

Question: ________ is situation of severely falling prices and lowest level of economic activities

More MCQS

Search

R4R Team

Question:
An increase in income may lead to an increase in the quantity demanded, it is

Question:
Analysis of long run and short run affects of decisions on revenue as well as costs is based on

Question:
Average cost pricing is also called as

Question:
Average revenue is the revenue per

Question:
Consumer Interview method of demand forecasting may undertaken by;

Question:
Decision making and ______________ are the two important functions of executive of business firms

Question:
Demand for necessary goods (salt, rice, etc,) is ______________ and demand for comfort and luxury good is

Question:
Demand for tyres depends on demand of vehicles, the demand for tyres called as

Question:
Fixing high price during the introduction is called

Question:
For the commodities like salt, sugar etc., the income elasticity will be

Question:
Functional relationship between input and output known as

Question:
If the commodities are substitute in nature, cross elasticity will be

Question:
In a perfectly competitive market, individual firm

Question:
in economics ______________ means 'a state of rest 'or 'stability'

Question:
In the above function, the letter Y stands for

Question:
In the case of unitary elastic demand, the shape of demand curve is

Question:
In the case of ______________ Consumer may moves to higher or lower demand curve

Question:
Information for pricing decisions involves:

Question:
Method of charging low price initially called _______

Question:
Prices of Bata shoe as Rs.99.99, this pricing is

Question:
Purposes of Short term Demand forecasting doesn't includes;

Question:
Purposes of Short term Demand forecasting includes;

Question:
Quantity remains the same whatever the change in price, this is the case of

Question:
Selling cost is the feature of the market form

Question:
The causes of emergence of monopoly is/are:

Question:
The firm charges price in tune with the industryâ€™s price is called

Question:
The marginal revenue equation can be derived from the:

Question:
Total Revenue will be maximum at the point where Marginal Revenue is

Question:
Under oligopoly a single seller cannot influence significantly

Question:
Under which method, the cost is added with the predetermined target rate of return on capital invested

Question:
Under ______________ Method, a panel is selected to give suggestions to solve the problems in hand

Question:
Unitary elasticity of demand mean

Question:
When a small change in price leads to infinite change in quantity demanded, it is called

Question:
when income increases, quantity demanded falls, it is

Question:
Which is the characteristics of managerial economics

Question:
Which is the condition of for market penetration?

Question:
Which is the determinant of the pricing policy of a firm?

Question:
Which is the reason of skimming price?

Question:
Which of the following is / are the reason for adopting penetration price strategy

Question:
Which of the following is not a function of managerial economists

Question:
Which of the following is/ are the reason for adopting skimming price strategy

Question:
Which one of the following is an internal factor influencing pricing

Question:
Which one of the following is not a reason for adopting skimming price strategy

Question:
Which one of the following is not an internal factor influencing pricing policy

Question:
_____ means an attempt to determine the factors affecting the demand of a commodity or service and to measure such factors and their influences

Question:
_____ Method is also known as Salesâ€Force â€“Composite method or collective opinion method

Question:
_______ forecasting is more important from managerial view point as it helps the management in decision making with regard to the firms demand and production.

Question:
_______ shows the change in quantity demanded as a result of a change in consumers' income

Question:
________ is situation of severely falling prices and lowest level of economic activities