Consider the following statements. 1. The stage of industry's development (life cycle) cannot influence the nature of competitive rivalry. 2. As the industry starts to mature in terms of life cycle, rules are rejected, consumer expectations about quality and performance are blurred and industry standards are put for modification. 3. A major feature of maturing industries is the tendency for competition based on product pricing becoming similar. 4. In declining industries, only the most efficient firms can earn reasonable profits. In the light of industry life cycle. Which of the above statements are true?

Consider the below statements. (i) Quality is defined as fitness for the purpose at the lowest cost (ii) Quality is a grade of the product in appearance, performance, life, reliability, taste, odour, maintainability etc (iii) Quality is the degree to which a specified product is preferred over competing products of equivalent grade, based on the comparative test by customers, normally called as customer’s preference (iv) Quality is a measure of the degree of the general excellence of the product (v) Quality may be defined as the degree of conformance to design and specifications Which of the above statements are correct?

A

i, ii

B

i, v, iv

C

i, ii, iii, iv, v

D

ii, iv, iii

Negative consumer reaction to a product is generated by a perceived gap between consumer expectation and product performance. Businesses should use advertising to adjust consumer expectations to coincide with their product performances. which of the following , if true, would most weaken the argument above?

A

Most consumers can assess the actual performance of the products they purchase.

B

Unless consumer expectations about a product are sufficiently high, consumers will not purchase that product.

C

Most consumer purchase products based upon their brand name instead of their past performance.

D

Expectations of most consumer are influenced by the claims made for those products by the manufacturers.

Six men can earn as much as eight women ,two women can earn earn as much as three boys and four boys can earn as much as five girls.If a girl can earn Tk. 50 a day , what amount can a man earn in a day?

A

TK.115

B

Tk.125

C

Tk.135

D

Tk.150

Product line pricing strategy includes which combination of the following?
1. Public utility pricing
2. Complementary goods pricing
3. Spare parts pricing
4. Load factor pricing
Select the correct answer:

A

1, 2 and 3

B

2, 3 and 4

C

1, 2 and 4

D

1, 3 and 4

Consider the below statements. (i) Inspection is the process of measuring the quality of a product or service in terms of established standards. (ii) Inspection is the art of comparing materials, products or performances with established standards. (iii) Inspection is the art of applying tests, preferably by the aid of measuring appliances to observe whether a given item of product is with n the specified limits of variability. (iv) Inspection is not a tool for controlling the quality of the product. Which of the above statements are correct?

A

i, ii

B

i, v, iv

C

i, ii, iii, iv

D

ii, i, iii

Which of the following statement (s) is/are true about the following eliminations? (1) Hoffmann product is major product in I (2) Saytzeff product is major product in I (3) Hoffmann product is major product in II (4) Saytzeffproduct is major product in II

A

1 and 2

B

1 and 4

C

2 and 3

D

3 and 4

Six men can earn as much as eight women, two women can earn as much as three boys and four boys can earn as much as five girls. If a girl can earn Tk. 50 a day, what amount can a man earn in a day?

A

Tk. 115

B

Tk 125

C

Tk. 135

D

Tk, 150

Which two of the following statements are true?
I. A simple monopoly firm always earns super normal profit
II. Sweezy's kinked demand curve model is the best known model explaining relatively more satisfactory behaviour of oligopoly firm for price rigidity
III. A perfectly competitive firm is price-taker
IV. Firms under monopolistic competition earn only normal profits
Choose the correct option from those below

A

I and IV

B

II and IV

C

II and III

D

I and III

Cost plus pricing is considered appropriate for which combination of the following?
i. Product Tailoring
ii. Public Utility pricing
iii. Refusal pricing
iv. Monopoly pricing
Choose the correct answer

A

Only (i) and (ii)

B

Only (ii), (iii) and (iv)

C

Only (i), (ii) and (iii)

D

Only (iii) and (iv)

Cost-plus pricing is considered appropriate for:
(I) Product Tailoring
(II) Public Utility Pricing
(III) Refusal Pricing
(IV) Monopoly Pricing

A

I and II only

B

I, II and III only

C

II, III and IV only

D

III and IV only