Market Share

Market Share

5th Grade

10 Qs

quiz-placeholder

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Market Share

Market Share

Assessment

Quiz

Business

5th Grade

Practice Problem

Medium

Created by

Emily Young

Used 28+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a market?

A group of people or industry who are interested in buying a product

A group of people interested in selling a product

Your stakeholders

Your shareholders

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is market share?

The amount of total sales over a time period
The amount of total profit over a time period
The amount of praise over a time period
Taking a piece of the market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these activities is unlikely to help a business gain market share?

Cheaper prices
Better service
Range of products
Early closing hours

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might it be difficult for a company to gain market share in the mobile phone market?

The market is saturated
No-one uses phones anymore
It is impossible to make a phone that can compete with Samsung
A market is not allowed to have more than 5 companies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might it be difficult for a company to gain market share in the mobile phone market?

The market is saturated
No-one uses phones anymore
It is impossible to make a phone that can compete with Samsung
A market is not allowed to have more than 5 companies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT a long term method of increasing market share

Better customer service
Cheaper products
USP
Using sweatshops

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does USP stand for?

Unique Selling Point
Unique Starting Point
Under Selling oPponents
Uber's Stopped Parking

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