competitive environment

competitive environment

9th - 11th Grade

10 Qs

quiz-placeholder

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competitive environment

competitive environment

Assessment

Quiz

Business

9th - 11th Grade

Medium

Used 15+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a competitive environment?

When there is no competition in the area

When there are businesses similar in the area

A dynamic external system in which a business competes and functions

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What will lowering prices create?

lower profits

higher profits

no profit

breaking even

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Where would be the best place to start a hairdressing business?

Sports stadium

A town centre

Close to a housing estate

Close to competitors

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a good example of good customer service?

Refunding an item for a customer

Smiling at customers

Not listening to customers requests

Offering your help and service to a customer

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What can a business do to stand out?

change the brand name

have a logo

differentiate a product or service

have a mascot

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What can a business do to add value to a product?

improve quality

make their prices higher

make their prices lower

keep the product the same

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is important for a business close to similar shops ?

to sell more products

to catch possible customers who move from store to store

increase profit

to break even

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