price setting year 7 business
Authored by Brett Lougheed
Business
7th Grade
Used 7+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Old mate sells his coffee and cake for 6.50. His competitor then sells his for 5.50. This is
auction
% mark up
Competitve pricing
rrp
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A greeting card is suggested to be sold for $5. This is an example of
an auction
% mark up
Competitve pricing
RRP
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jemima goes with her parents to the live sale of a home. This is an example of an
Auction
% mark up
RRP
Competitive pricing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Kmart buy a product for $50 and sell it for $100. This is an example of
% mark up
profit
loss
RRP
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jax sell tyres for $140 dollars. Bob Jane sells the same tyre for $130 plus free wheel alignment. This is an example of
an auction
competitive pricing
RRP
% mark up
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bob buys a coin for $10 dollars and sells it for 10% above his cost price. This is an example of
auction
competitive pricing
% mark up
RRP
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Water
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