Markets

Markets

12th Grade

20 Qs

quiz-placeholder

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Markets

Markets

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

David Urquhart

Used 28+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would be a better example of a dynamic market

Technology markets
Fizzy drink

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is true of niche markets?

You sell undifferentiated products
You sell differentiated products

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a dynamic market?

One that only grows
One with slow (or very minor) growth or retraction
One that changes rapidly
One with many businesses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

smaller market that has a unique set of needs

Psychographics
Niche market
Mass marketing
Product usage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A niche market addresses a need for a product or service that is not being addressed by mainstream providers

true
false

6.

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business would likely sell to a niche market?

Cadbury
Hotel Chocolat

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