Form 5 POB Graded Quiz - Competition

Form 5 POB Graded Quiz - Competition

5th Grade

40 Qs

quiz-placeholder

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Form 5 POB Graded Quiz - Competition

Form 5 POB Graded Quiz - Competition

Assessment

Quiz

Education

5th Grade

Hard

Created by

Urlanda Alexander

Used 11+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a firm engages in frequent discount sales it is engaging in

advertising

merchandising

market research

sales promotion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"The deliberate, planned and sustained effort to establish and maintain understanding between an organization and its customers' defines

sales promotion

public relations

market research

advertising

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following is NOT a feature of perfect competition?

Each firm is faced with a given market price and can exert no influence to change it

The product sold is differentiated from other products on the market

Freedom of entry and exit of firms into the industry

Perfect knowledge of the market by both buyers and sellers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When an article is produced by a sole supplier the form of market practise engaged in is called

duopoly

monopsony

monopoly

oligopoly

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a group of manufacturers, business people and other professional people which seeks to promulgate and strengthen both local and foreign trade.

Which one of the following institutions is best described above?

Bureau of Standards

Businessmen's Association

Chamber of Commerce

Industrial Development Corporation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash, credit and hire purchase are regarded as terms of

payment

trade

sales

delivery

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An installment is

a regular payment made over an agreed period

an installation of lights on new business premises

a ceremony in which the new board of directors is installed

a sum of money deposited to open a new bank account

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