When prices fall, the decrease in demand for the product when the competitors’ prices are not met will be called ___________?

Related Mcqs:

1. The process which leads to disassembling and analysis of competitors, operating activities to become acquainted with competitors’ technologies is called ___________?

   A. outsource engineering
   B. reverse engineering
   C. target engineering
   D. off shore engineering

2. An organization’s ability to offer market offerings at lower prices, in comparison with its competitors is known as __________?

   A. inelastic demand
   B. product differentiation
   C. cost leadership
   D. elastic demand

3. An ability of an organization, to offer its services or products that must be perceived by customers as unique and superior, in comparison to its competitors is called __________?

   A. inelastic demand
   B. product differentiation
   C. cost leadership
   D. elastic demand

4. The practice by seller, about offering same product at different prices, to the different customers is known as __________?

   A. price incurrence
   B. price discrimination
   C. price targeting
   D. price engineering

5. In actual costing, an actual quantity of used inputs are multiplied with actual prices to calculate: ___________?

   A. fixed direct manufacturing cost
   B. variable direct manufacturing cost
   C. fixed indirect manufacturing cost
   D. variable indirect manufacturing cost

6. The fixed direct manufacturing cost is calculated, by multiplying standard prices for standard quantity of allowed input for actual output in ___________?

   A. input costing
   B. output costing
   C. standard costing
   D. achieved costing

7. The span time from initial research and development of product till support and customer service, if not offered for that particular product will be called __________?

   A. product life cycle
   B. life cycle budgeting
   C. life cycle costing
   D. target costing

8. An insensitivity of demand in relevance to change in price will be called ___________?

   A. demand elasticity
   B. price elasticity
   C. price inelasticity
   D. demand inelasticity

9. In an activity based costing implementation, the product’s diverse demand is based on _________?

   A. batch size
   B. complexity
   C. process steps
   D. all of above

10. The decrease in purchasing power of any monetary unit such as euro, dollars etc. is classified as ___________?

    A. net investment parity
    B. inflation
    C. purchasing parity
    D. buying parity