Business Chapter 5: Marketing
Quiz
•
Social Studies
•
1st - 12th Grade
•
Hard

Sebastian Yarde
Used 31+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the equation for value of products sold?
Revenue x Product price
Products sold x Product Price
Revenue x Products sold
Products sold / Product price
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is segmentation?
Dividing customers into groups based on preferences
Dividing customers into groups based on income
Diving employees into different departments
Dividing shareholders into specialized groups
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these is NOT a segmentation group?
Gender
Age
Location
Income
Job
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these is NOT a purpose of market research?
Level of Demand for goods and Service within the market
Cost evaluation
Requirements of customers
Actions of competitors
Target market
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What type of data is size of the market measured in?
Qualitative data
Quantitative data
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the market share equation?
Market share = total market sales / sales of the product x 100
Market share = sales of the product / total market sales x 100
Market share = total market sales x sales of the product / 100
Market share =sales of the product x total market sales / 100
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these is an internal pricing method?
Business forecast
Nature of the market
Cost
Degree of competition
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