{"id":18056,"date":"2022-04-17T11:24:56","date_gmt":"2022-04-17T05:54:56","guid":{"rendered":"https:\/\/scholarsclasses.com\/blog\/?p=18056"},"modified":"2025-01-04T12:28:24","modified_gmt":"2025-01-04T06:58:24","slug":"product-planning-and-pricing-decision-mcq","status":"publish","type":"post","link":"https:\/\/scholarsclasses.com\/blog\/product-planning-and-pricing-decision-mcq\/","title":{"rendered":"Product Planning and Pricing Decision MCQ | 25 Free MCQs on Export Marketing"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-text-align-center\">Product Planning and Pricing Decision MCQ<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"576\" data-src=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Product-Planning-and-Pricing-Decision-MCQ-1024x576.webp\" alt=\"Product Planning and Pricing Decision MCQ\" class=\"wp-image-18086 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;width:720px;height:auto\" title=\"\" data-srcset=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Product-Planning-and-Pricing-Decision-MCQ-1024x576.webp 1024w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Product-Planning-and-Pricing-Decision-MCQ-300x169.webp 300w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Product-Planning-and-Pricing-Decision-MCQ-768x432.webp 768w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Product-Planning-and-Pricing-Decision-MCQ-1536x864.webp 1536w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Product-Planning-and-Pricing-Decision-MCQ.webp 1920w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">Product Planning and Pricing Decision MCQ<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/scholarsclasses.com\/blog\/business-economics-mcq\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/business-economics-mcq\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/income-tax-mcq\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/income-tax-mcq\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>MCQs on other topics <\/strong><\/a><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/tybcom-sem-6-export-marketing-mcq\/\">of<\/a><\/strong><a href=\"https:\/\/scholarsclasses.com\/blog\/income-tax-mcq\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/income-tax-mcq\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong> Export Marketing<\/strong><\/a><\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.icsi.edu\/media\/webmodules\/modelquestionpaper\/CMA-MCQ%20100.pdf\" data-type=\"URL\" data-id=\"https:\/\/www.icsi.edu\/media\/webmodules\/modelquestionpaper\/CMA-MCQ%20100.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cost Accounting MCQs pdf<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>1. Product ________ is the primary function of the exporter. <br><\/strong>(a) Planning <br>(b) Development <br>(c) Marketing <br>(d) Packaging<\/p>\n\n\n\n<p><strong>2. _________ provides information of the product and matters related to the product being exported.<\/strong><br>(a) Labelling <br>(b) Marking <br>(c) Packing <br>(d) Positioning<\/p>\n\n\n\n<p><strong>3. ________ refers to symbols printed on export packages. <br><\/strong>(a) Marking <br>(b) Packaging<br>(c) Branding <br>(d) Designing <\/p>\n\n\n\n<p><strong>4. Formula : FOB Price =<br><\/strong>(a) &nbsp;FOB Cost + Profit \u2013 DBK<br>(b) &nbsp;All the expenses until goods loaded on ship + Freight + Profit \u2013Incentive<br>(c) &nbsp;All the costs until goods loaded on board the ship + Freight +Insurance \u2013 Incentive<br>(d) &nbsp;FOB Expenses + Customs @ port of destination \u2013 DBK<\/p>\n\n\n\n<p><strong>5. Formula : C&amp;F Price =<br><\/strong>(a) All expenses until goods loaded on board the ship + Freight +Profits \u2013 DBK<br>(b) C&amp;F Price + Marine Insurance<br>(c) CIF Price &#8211; Profits<br>(d) C&amp;F Costs + Customs@ port of destination + Profits<\/p>\n\n\n\n<p><strong>6. Formula : CIF Price =<br><\/strong>(a) FOB Price + Incentives<br>(b) CIF Costs + Profits \u2013 DBK<br>(c) C&amp;F Price \u2013 Marine Insurance<br>(d) FOB Costs + Customs @ port of destination + Profits<\/p>\n\n\n\n<p><strong>7. Export quotation is_______ .<br><\/strong>(a) an offer made by importer to exporter in reply to exporter\u2019s query<br>(b) commercial invoice<br>(c) an offer made by exporter to importer in reply to importer\u2019s query<br>(d) Importer\u2019s Bill<\/p>\n\n\n\n<p><strong>8. Under FOB quotation, which among the following is not aresponsibility of the exporter ?<br><\/strong>(a) Expenses upto goods loaded on board the ship<br>(b) Production Management<br>(c) Customs at port of Shipment<br>(d) Freight Expenses<\/p>\n\n\n\n<p><strong>9. Under C&amp;F quotation, which among the following is not aresponsibility of the exporter ?<br><\/strong>(a) Expenses upto goods loaded on board the ship<br>(b) Production Management<br>(c) Payment of Marine Insurance<br>(d) Payment of Freight expenses<\/p>\n\n\n\n<p><strong>10. Under CIF quotation, which among the following is not a responsibilityof the exporter?<br><\/strong>(a) Expenses upto goods loaded on board the ship<br>(b) Marine Insurance<br>(c) Customs at port of Destination<br>(d) Freight Expenses<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answers:<\/strong> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">1)Planning<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">2)Labelling<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">3)Marking<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">4)FOB Cost + Profit \u2013 DBK<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">5)All expenses until goods loaded on board the ship + Freight +Profits \u2013 DBK  6)CIF Costs + Profits \u2013 DBK<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">7)an offer made by exporter to importer in reply to importer\u2019s query<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">8)Freight Expenses<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">9)Payment of Marine Insurance<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">10)Customs at port of Destination<\/mark><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>11. __________ gives an identity to the exporter and its brands sold in foreign markets.<br><\/strong>(a) Branding <br>(b) Marking<br>(c) Labelling <br>(d) Packaging<\/p>\n\n\n\n<p><strong>12. ________ helps to distinguish the company\u2019s brand among its competitors.<br><\/strong>(a) Brand name <br>(b) Company name<br>(c) Product marking <br>(d) Product price<\/p>\n\n\n\n<p><strong>13. Product price is not directly affected by _______ .<br><\/strong>(a) Costs <br>(b) Product nature<br>(c) Competitor\u2019s prices <br>(d) Quota restrictions<\/p>\n\n\n\n<p><strong>14. INCO terms refer to _______ .<br><\/strong>(a) International Commercial Terms<br>(b) In-trade Commercial Terms<br>(c) Interim Compensation<br>(d) International Company<\/p>\n\n\n\n<p><strong>15. The main objective of export pricing is _________ .<br><\/strong>(a) Maximizing the profits<br>(b) Applying for Government incentives<br>(c) Ease in documentation<br>(d) Facilitates distribution<\/p>\n\n\n\n<p><strong>16. Product mix is _______ .<br><\/strong>(a) a specific category of product line<br>(b) a range of companies\u2019 offerings<br>(c) a part of product depth<br>(d) a restricted line of companies\u2019 offerings<\/p>\n\n\n\n<p><strong>17. ________ among the following is not an element of branding.<br><\/strong>(a) Brand name <br>(b) Logo<br>(c) Brand colour <br>(d) Country of origin mark<\/p>\n\n\n\n<p><strong>18. Packaging helps in ________ .<br><\/strong>(a) Protection against damages <br>(b) Preservation of quality<br>(c) Promotion of product <br>(d) All of the above<\/p>\n\n\n\n<p><strong>19. __________ refers to creating a distinct image in the minds of the audience towards a specific brand.<br><\/strong>(a) Positioning<br>(b) Promotion<br>(c) Packaging<br>(d) Product Labelling<\/p>\n\n\n\n<p><strong>20. Product promotion in export business is mainly done through ________ .<br><\/strong>(a) Advertising<br>(b) Publicity<br>(c) Salesmanship<br>(d) Participation in trade-fairs and exhibitions<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answers:<\/strong> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">11)Branding<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">12)Brand name<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">13)Quota restrictions<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">14)International Commercial Terms<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">15)Maximizing the profits<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">16)a range of companies\u2019 offerings<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">17)Country of origin mark<\/mark> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"> 18)All of the above<\/mark> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"> 19)Positioning  20)Participation in trade-fairs and exhibitions<\/mark><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>21. EU requires labelling requirement in _______ language\/s.<br><\/strong>(a) one <br>(b) two<br>(c) three <br>(d) four<\/p>\n\n\n\n<p><strong>22. EU needs ________ packaging requirements.<br><\/strong>(a) Eco-friendly <br>(b) Thermoformed<br>(c) Laminated <br>(d) Corrugated<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answers:<\/strong> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">21)four<\/mark> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"> 22)Eco-friendly<\/mark><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":17968,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,7,1],"tags":[4833],"class_list":["post-18056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bcom","category-degree-college","category-misc","tag-product-planning-and-pricing-decision"],"_links":{"self":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/18056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/comments?post=18056"}],"version-history":[{"count":2,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/18056\/revisions"}],"predecessor-version":[{"id":36319,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/18056\/revisions\/36319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media\/17968"}],"wp:attachment":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media?parent=18056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/categories?post=18056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/tags?post=18056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}