The Microenvironment Pt 2

The Microenvironment Pt 2

10th - 12th Grade

12 Qs

quiz-placeholder

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The Microenvironment Pt 2

The Microenvironment Pt 2

Assessment

Quiz

Business

10th - 12th Grade

Practice Problem

Medium

Created by

Sanele Ngema

Used 17+ times

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12 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are examples of short-term financing?

Overdrafts

Suppliers’ credit (trade credit)

Short-term loans

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The aim of marketing is to:

Retain customers

Gain more customers

Build and improve a brand

Increase sales to generate more profit.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does LSM stand for?

Living Standards Measure

Liver stiffness measurement

Long Sweet Messages

Lembaga Swadaya Masyarakat

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following form part of the 4 Traditional Ps of marketing?

Product

Price

Place

Promotion

5.

MULTIPLE SELECT QUESTION

1 min • 1 pt

The PRODUCT includes the whole package sold by the business, which includes:

The features of the product (design)

Quality of the product

Branding

Packaging

Sales and after-sales service

6.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

The Consumer Protection Act (CPA)...

aims to promote and advance the social and economic welfare of consumers in South Africa.

establishes a legal framework for a consumer market that is fair, accessible and sustainable for consumers.

aims to improve consumer awareness and encouraging responsible and informed consumer choices and behaviour.

7.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Which of the following are Fundamental consumer rights?

all products must be clearly marked with the correct price. The quality of products must be of fair value and safe for human consumption.

all contracts must be written in plain language so that it can be understood by customers

consumers are allowed to return goods if they were not allowed to examine them before purchase.

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