POM Review
Authored by Jordan Scholl
Business
12th Grade
Used 1+ times
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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the amount of money a business charges for items it offers for sale?
Profit
Price
Cost
Margin
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the amount of money the store pays to purchase the merchandise from a supplier?
Cost
Profit
Price
Margin
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total revenue of a business minus all expenses over a specific period of time?
Markdown
Market Share
Profit
Supply and Demand
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between the retail price of an item and the cost of the item to the store?
Supply and Demand
Margin
Margin Points
Margin
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the principle that describes the amount of product available to sell and the willingness of the customers to buy that product?
Supply and Demand
Markdown
Market Share
Cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the percentage that a store has of the total sales in its trading area?
Market Share
Sales tax
Price
Markdown
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the reduction in price of merchandise to increase sales of a product not selling according to projections?
Sale
Advertising
Markdown
Cost
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