MCQ Membership for exam purpose.

Q31.Which of the following is the term for customers who make repeat purchases
and tell others about their positive experiences with a product or service
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Q32.Which of the following reflects the marketing concept philosophy
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Q33.Selecting which segments of a population of customers to serve is called___
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Q34.When backed by buying power, wants become___
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Q35.When a company acquires a supplier through an acquisition strategy, this is
referred to as
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Q36.Introducing new products to existing markets is an example of
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Q37.Which of the following is central to any definition of marketing
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Q38.Criteria that decision maker uses in decision making a choice of best course of
action is states of nature
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Q39.When the player has alternative courses of action and he has to select
combination of these with some fixed probabilities is called___
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Q40.Although primary data is required for most of the internalbusiness situations,
many of the strategic decisions depend uponthe information that is external to the
organization. The criticalityof the decision and the time factor involved would decide
whether___data is to be used or the situation calls for primary data
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Q41.___programming has proved valuable for modelling many and diverse types of
problems in planning, routing, scheduling, assignment, and design
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Q42.It is the average payoff per play of game over an extended of time is called___
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Q43.Demerits of observation method are
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Q44.Decision alternatives under control available to decision maker is called value
system
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Q45.The___problem is a special case of Linear Programming which is concerned with
the distribution of a certainproduct/commodity from a number of sources (origins) to
thenumber of destinations
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Q46.Diagrams simplify data means
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Q47.___subdivides the activity into a number of strata
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Q48.Operating Decisions are concerned with structuring and acquisition of the
organization's resources so as to optimize the performance of the organization
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Q49.It was introduced by George Dantzig in 1947 (Linear Programming)
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Q50.What are the types of questions used in Devising a Questionnaire
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Q51.The___must plan for and control the usage of various organizational resources
namely, manpower, materials, production facilities and capital in the most effective
manner to achieve the organization's objectives
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Q52.The relationship between the variables is directly proportional is called linear

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Q53.What are the methods of Primary Data Collection
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Q54.The questions that lack clarity and are so worded that the meaning is not clear
are known as___questions. Such questions normally should not be included in the
questionnaire as they are likely to confuse therespondent. The meaning of such
questions is not uniformlyconvulsed to all the respondents
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Q55.The term 'game' represents a conflict between two or more___
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Q56.It is used as a scientific approach to decision making and an optimization
technique used in operations research. It is applied to maximize the cost or
minimize the profit
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Q57.Businessmen do not have the___of game theory and all the alternative
strategies available to them or their competitors
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Q58.Each player has available to him a___set of possiblecourses of action
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Q59.The___for a player is the list of all possiblecourses of actions that he will take
for every pay-off that mightarise
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Q60.Reduce the matrix by selecting the___element ineach row and subtract with
other elements in that row