Business Economics

91. Under oligopoly a single seller cannot influence significantly

1. market price
2. quantity supplied
3. advertisement cost
4. all the above

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92. Average cost pricing is also called as

1. cost plus pricing
2. marginal cost pricing
3. margin pricing
4. both a & c

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93. Which of the following is / are the reason for adopting penetration price strategy

1. Economies of large scale production available to firm.
2. Potential market for the product is large.
3. Cost of production is low.
4. All the above

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94. Purposes of Short term Demand forecasting includes;

1. Making a suitable production policy.
2. To reduce the cost of purchasing raw materials and to control inventory.
3. Deciding suitable price policy
4. All the above

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95. Demand for tyres depends on demand of vehicles, the demand for tyres called as

1. Composite demand
2. Derivative demand
3. Joint demand
4. Direct demand

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96. when income increases, quantity demanded falls, it is

1. Positive income elasticity
2. Zero income elasticity
3. Negative income elasticity
4. Unitary income elasticity

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97. Consumer Interview method of demand forecasting may undertaken by;

1. Complete enumeration
2. Sample survey
3. End‐use method
4. All the above

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98. Under which method, the cost is added with the predetermined target rate of return on capital invested

1. Cost plus pricing
2. Target pricing
3. Mark up pricing
4. None of these

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99. Prices of Bata shoe as Rs.99.99, this pricing is

1. Mark up pricing
2. Odd pricing
3. Marginal cost pricing
4. Follow up pricing.

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100. Average revenue is the revenue per

1. unit commodity sold
2. total commodity sold
3. marginal commodity sold
4. none of these

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