Question 1

What is measured as a percentage of total industry sales over a specified time period?

Options :

A : Market share

B : Research & development share

C : Mind share

D : Voice share

Answer: A

Question 2

What pertains to the availability, production, and distribution of resources in a society?

Options :

A : Social forces

B : Political forces

C : Economic forces

D : Cost-effective forces

Answer: C

Question 3

_____________ requires an analysis of the number of suppliers required currently and in the future for each purchased item.

Options :

A : Optimization

B : Neutralization

C : Balancing

D : Counterbalance

Answer: A

Question 4

What is obtained by spreading the costs of distribution over a large quantity of products or over a wide variety of products?

Options :

A : Transaction efficiency

B : Economies of scale and scope

C : Division of labor

D : Discrepancies in place

Answer: B

Question 5

In Maslow’s hierarchy of needs which of the following factor is NOT included?

Options :

A : physiological needs

B : self-actualization needs

C : safety and security needs

D : equipment and technology needs

Answer: D