
Entrep - Market Needs
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Medium
Loreen Phiema Labbao
Used 143+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A market is any place where two or more parties can meet to engage in an economic transaction.
True
False
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Market includes retail stores and other similar businesses that sell individual items to wholesale markets selling goods to other distributors but may not be virtual.
True
False
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Market refers to the whole area of operation of demand and supply.
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A market signifies any arrangement in which the sale and purchase of goods take place.
True
False
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The market establishes the prices for goods and other services.
True
False
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