Marketing Unit Two - Economics, Business, and Society

Marketing Unit Two - Economics, Business, and Society

11th - 12th Grade

65 Qs

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Marketing Unit Two - Economics, Business, and Society

Marketing Unit Two - Economics, Business, and Society

Assessment

Quiz

Business

11th - 12th Grade

Medium

Created by

Karen Bear

Used 2+ times

FREE Resource

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65 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In order to compete effectively, it is important to learn as much as possible about your competitor’s marketing strategies.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Our government generally makes decisions of how much of a product will be produced.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The person credited with founding capitalism is Adam Smith who wrote Wealth of Nations.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A private enterprise economy is heavily regulated by government.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main goal in socialism is to meet basic needs for all and to provide employment for many.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Law of Economic Utilization states that there are limited resources and unlimited needs and wants.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A large supply of a product will usually cause consumers to place a lower value on it.

True

False

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