Managerial Economics 1 Set 9

Bachelor of Business Administration (BBA)

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This set of Managerial Economics 1 Multiple Choice Questions & Answers (MCQs) focuses on Managerial Economics 1 Set 9

Q1 | Under ….. Method, a panel is selected to give suggestions to solve the problems in hand
Q2 | Consumer Interview method of demand forecasting may undertaken by;
Q3 | In …….. approach, the demand for new product is estimated on the basis demand of existing product
Q4 | In …….approach, Consumers reactions on the new products are found out indirectly with the helpof specialized dealers
Q5 | In ………approach, on the basis of the growth of an established product, the demand for the newproduct is estimated
Q6 | Method of demand forecasting is also called “economic model building”
Q7 | Criteria for good demand forecasting includes;
Q8 | ………..is the base of marketing planning
Q9 | Growth curve approach is used for forecasting demand of ………….products
Q10 | Which of the following is not a method of demand forecasting of new products
Q11 | ………..= R2‐R1/Q2‐Q1
Q12 | ……….. Measures the differences between the new total revenue and existing total revenue
Q13 | ………. means the total receipts from sales divided by the number of unit sold.
Q14 | So long as Average Revenue is falling, Marginal Revenue will be …………. Average Revenue
Q15 | Where Marginal revenue is negative, TR will be …………..
Q16 | Total Revenue will be maximum at the point where Marginal Revenue is
Q17 | ………….. is the change in total revenue irrespective of changes in price or due to the effect ofmanagerial decision on revenue
Q18 | In…………..pricing fixed cost are excluded.
Q19 | Fixing high price during the introduction is called
Q20 | The firm charges price in tune with the industry’s price is called
Q21 | Method of charging low price initially called……………
Q22 | Pricing is done on the basis of managerial decisions, not on the basis of cost, demand etc…
Q23 | Which of the following method of pricing is popular in wholesale and retail trades
Q24 | Which one of the following is not an internal factor influencing pricing policy
Q25 | Which one of the following is an internal factor influencing pricing
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