Market Share

Market Share

Assessment

Quiz

Business

5th - 8th Grade

Medium

Created by

Ann Jones

Used 20+ times

FREE Resource

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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 percentage of sales in a particular market recorded by a business

Selling shares on the stock market

The amount of profit 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

Which of these is NOT a long term method of increasing market share
Better customer service
Cheaper products
USP
Using sweatshops

6.

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the benefits of high market share

high economies of scale

stronger brand recognition

influence price changes in the market

all of the above

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