The companies that perform in less competitive markets and their market offerings significantly differ are classified as ___________?

Related Mcqs:

1. The companies that perform in competitive markets using the pricing approach are known as ___________?

   A. independent revenue approach
   B. market based approach
   C. dependent revenue approach
   D. cost based approach

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. The focus on budget cost of all the activities necessary to sell and produce market offerings is known as _________?

   A. cost based budgeting
   B. activity based budgeting
   C. production based budgeting
   D. raw material budgeting

4. The companies in the industry that purchase the finished goods, and further sell the products into the market are classified as ______________?

   A. service sector companies
   B. raw material companies
   C. manufacturing sector companies
   D. merchandising sector companies

5. The segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as _________?

   A. subunit center
   B. instruction center
   C. responsibility center
   D. activity segment

6. The less skilled workers for operating machines then expected are classified as ___________?

   A. cause for exceeding budget
   B. cause of less employment
   C. fixed cost variation
   D. variable cost variation

7. In manufacturing companies, the variable costing method is also classified as _________?

   A. direct costing
   B. indirect costing
   C. total costing
   D. One factor costing

8. The financial statements and the budget plans of some companies are also called ___________?

   A. cost statement
   B. preformed statement
   C. sales statement
   D. market statement

9. The budget plan in many companies is also referred as ___________?

   A. profit plan
   B. sales plan
   C. cost plan
   D. marketing plan

10. The pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as ______________?

    A. product life cycle method
    B. life cycle budgeting method
    C. life cycle costing method
    D. time and material method