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GK Set-1
Economics
Indian Economics
86

Indian Economics MCQ (GK Set-1) with Answers

86) What is penetration pricing?

setting a similar price as competitors

setting a low price to gain market share

setting a higher price to stand out in the market

setting a higher price and then lowering it to attract atteming

Answer is:

setting a low price to gain market share

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

87) What is the full form of SBU?

Strategic Buyer’s Unit

Static Business Utility

Supportive Buyer’s Utility

Strategic Business Unit

Answer is:

Strategic Business Unit

88) An organization which has a unique strategy, or is able, to deliver goods and services more efficiently to the consumers because of its unique capability, over its competitors; is said to have:

Competitive Advantage

Strategic Advantage

Marketing Advantage

Technological Advantage

Answer is:

Competitive Advantage

89) In which of the following market structures is the degree of control over the price of its product by a firm very high?

Imperfect Competition

Perfect Competition

Oligopoly

Monopoly

Answer is:

Monopoly

90) An oligopoly market where there is one firm which dominates the market, can also be considered as the leader of the group, such oligopoly market is known as:

Competitive Oligopoly

Pure Oligopoly

Partial Oligopoly

Non-competitive oligopoly

Answer is:

Partial Oligopoly

Indian Economics MCQ (GK Set-1) with Answers

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