MGT211 Final Term Quiz 3 Solution Spring 2025 by Introvert

MGT211 quiz 3 solution by introvert

Q1. Pricing decision is the major role of:

1. HR Manager
2. Finance Manager
3. Procurement Manager

✅ D. Marketing Manager

Q2. Developing a long-term relationship with customers is called:

✅ A. Relationship marketing B. Societal marketing C. Transactional marketing D. Grey marketing

Q3. Which of the following technique(s) can be used to make self-esteem of employees high?

1. Awards
2. Promotion
3. Recognition

✅ D. All of the given options

Q4. ABC organization feels that their product is being sold in big cities only. They conduct the research that how to increase sale in small cities and rural areas. It is called:

1. Product Research
2. Segmentation Research

✅ C. Distribution Research D. Pricing Research

Q5. All of the following are the components of job design, EXCEPT:

1. Job rotation
2. Job enlargement
3. Job enrichment

✅ D. Job outsourcing

Q6. Which of the following is the managerial style in which managers generally issue orders and expect them to be obeyed without question?

1. Free-Rein Style

✅ B. Autocratic Style C. None of the given options D. Democratic Style

Q7. The process of tracking the demand and satisfaction of customers in an effort to develop products they will want to buy on an ongoing basis is called:

1. Business vision
2. Product development
3. ✅Customer relationship management
4. Marketing

Q8. Which of the following is the managerial style in which managers typically serve as advisers to subordinates who are allowed to make decisions:

1. None of the given options

✅ B. Free-Rein Style C. Democratic Style D. Autocratic Style

Q9. Which managerial style will be most suitable if all employees are highly qualified and well- trained professionals?

1. Democratic style
2. Charismatic leadership style

✅ C. Free Rein style D. Autocratic style

Q10. ABC shoes always sets the prices of its shoes in these figures 399, 699, 499, 799 etc. What type of pricing strategy is it using?

1. Zone based pricing

✅ B. Psychological pricing