Top 250+ Solved Managerial Economics 1 MCQ Questions Answer
Q. ………….. is the change in total revenue irrespective of changes in price or due to the effect ofmanagerial decision on revenue
a. Average revenue
b. Total revenue
c. Marginal revenue
d. Incremental revenue
Q. In…………..pricing fixed cost are excluded.
a. skimming pricing
b. going rate pricing
c. administered pricing
d. marginal cost pricing
Q. Fixing high price during the introduction is called
a. skimming
b. penetrating
c. full cost pricing
d. target pricing
Q. The firm charges price in tune with the industry’s price is called
a. competitive pricing
b. going rate pricing
c. tune pricing
d. target pricing
Q. Method of charging low price initially called……………
a. skimming
b. penetrating
c. full cost pricing
d. target pricing
Q. Pricing is done on the basis of managerial decisions, not on the basis of cost, demand etc…
a. Managerial pricing
b. Administered pricing
c. Full cost pricing
d. Competitive pricing
Q. Which of the following method of pricing is popular in wholesale and retail trades
a. skimming
b. penetrating
c. full cost pricing
d. target pricing
Q. Which one of the following is not an internal factor influencing pricing policy
a. cost
b. objectives
c. marketing mix
d. demand
Q. Which one of the following is an internal factor influencing pricing
a. demand
b. competition
c. distribution channel
d. product life cycle