The practice of going after a large share of a smaller market or subsets of a few markets is called ?

Related Mcqs:

1. In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?

   A. Orderly marketing
   B. trigger pricing
   C. domestic content pricing
   D. dumping

2. A share or an interest in an enterprise, especially a financial share, is called ?

   A. Share holding
   B. Stake
   C. Partnership
   D. None of these

3. The share of sugarcane crop in value added in agriculture is 6.3 percent What is the share in GDP ?

   A. 5.1%
   B. 1.5%
   C. 6%
   D. 4%

4. Which market is characterized by a small number of large buyers who control all purchases and therefore the market price of a good a service ?

   A. Oligopoly
   B. Grey market
   C. Oligopsony
   D. Green market

5. There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?

   A. Grey market
   B. Over-the counter (OTC)
   C. Open market
   D. Back market

6. If a producer has market power (can influence the price of the product in the market) then free market solutions ?

   A. are equitable.
   B. are efficient
   C. maximize consumer surplus
   D. are inefficient

7. If all firms in a market have identical cost structures and if inputs used in the production of the good in that market are readily available, then the long-run market supply curve for that good should be ?

   A. downward sloping
   B. perfectly inelastic
   C. upward sloping
   D. perfectly elastic

8. A company’s compensation plan should reflect its overall marketing strategy For example if the overall strategy is to grow rapidly and gain market share the compensation plan should reward ?

   A. loyalty and perseverance
   B. spot selling and old product rejuvenation
   C. high sales performance and encourage capturing new accounts
   D. high pressure situations and competitive reaction

9. In contestable markets, large oligopolistic firms, end up behaving like ?

   A. perfectly competitive firms
   B. a cartel
   C. a monopoly
   D. monopolistically competitive firms.

10. In contestable markets large oligopolistic firms end up behaving like ?

    A. monopolistically competitive firms
    B. a cartel
    C. perfectly competitive firms
    D. a monopoly.