Top 250+ Solved Managerial Economics 1 MCQ Questions Answer

From 256 to 270 of 281

Q. Purposes of long term Demand forecasting doesn’t includes;

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

b. Planning long term financial requirements.

c. Planning of manpower requirements.

d. Deciding suitable price policy

  • d. Deciding suitable price policy

Q. Purposes of long term Demand forecasting includes

a. Making a suitable production policy.

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

c. Deciding suitable price policy

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

  • d. Planning of a new unit or expansion of existing unit

Q. Survey method of demand forecasting includes

a. Opinion survey

b. Expert opinion

c. Delphi method

d. All the above

  • d. All the above

Q. Under ….. Method, a panel is selected to give suggestions to solve the problems in hand

a. Opinion survey

b. Expert opinion

c. Delphi method

d. Consumer interview

  • c. Delphi method

Q. In …….. approach, the demand for new product is estimated on the basis demand of existing product

a. Growth curve approach

b. Evolutionary approach.

c. Opinion polling approach

d. Vicarious approach.

  • b. Evolutionary approach.

Q. In …….approach, Consumers reactions on the new products are found out indirectly with the helpof specialized dealers

a. Growth curve approach

b. Evolutionary approach.

c. Opinion polling approach

d. Vicarious approach.

  • d. Vicarious approach.

Q. In ………approach, on the basis of the growth of an established product, the demand for the newproduct is estimated

a. Growth curve approach

b. Evolutionary approach.

c. Opinion polling approach

d. vicarious approach

  • a. Growth curve approach

Q. Method of demand forecasting is also called “economic model building”

a. Opinion survey

b. Complete enumeration

c. Correlation and regression

d. Delphi method

  • c. Correlation and regression

Q. Criteria for good demand forecasting includes;

a. Plausibility

b. Simplicity

c. Economy

d. All the above.

  • d. All the above.

Q. ………..is the base of marketing planning

a. Demand Estimation

b. Demand analysis

c. Demand function

d. Demand forecasting

  • d. Demand forecasting

Q. Growth curve approach is used for forecasting demand of ………….products

a. New

b. Old

c. Existing

d. Both old and existing.

  • a. New

Q. Which of the following is not a method of demand forecasting of new products

a. Trend projection

b. Substitute approach

c. Evolutionary approach

d. Sales experience approach

  • a. Trend projection

Q. ……….. Measures the differences between the new total revenue and existing total revenue

a. Average revenue

b. Total revenue

c. Marginal revenue

d. Incremental revenue

  • d. Incremental revenue

Q. ………. means the total receipts from sales divided by the number of unit sold.

a. Average revenue

b. Total revenue

c. Marginal revenue

d. Incremental revenue

  • a. Average revenue

Q. So long as Average Revenue is falling, Marginal Revenue will be …………. Average Revenue

a. Less than

b. More than

c. Equal to

d. None of these

  • a. Less than
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