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12th Grade - Professional Development

10 Qs

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Business

12th Grade - Professional Development

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Created by

Sanjaya Gintota

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition of Market Size

Market Size refers to the maximum total number of sales or customers your business can see

Market Size refers to the number of firms producing the identical goods and services in the market and whose structure is determines on the basis of the competition prevailing in the market.

Market Size is the portion of a market controlled by a particular company or product.

Market Size is basically the amount of customers in their chosen market

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Market Share is the _______ of a market controlled by a particular company or product.

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Definition of Market Segmentation

Market Segmentation is part of the Product Life Cycle

Market Segmentation is the process of multiplying the market of your future potential customers

Market Segmentation is a process of dividing the market of potential customers into defined segments

Market Segmentation is where you conduct research on the market.

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Primary research is where research is conducted from the ________ itself and Secondary Research is obtained by buying used ___________.

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Definition of Quantitive and Qualitative Research

Quantitative research involves collecting facts and figures and often results in numerical, structured data and Qualitative research focuses on a persons view and usually answers the question “why?”

Qualitative research involves collecting facts and figures and often results in numerical, structured data and Quantitive research focuses on a persons view and usually answers the question “why?”

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does acronym SMART stand for?

Specific, Measurable, Achievable, Realistic, Threat

Specific, Measurable, Achievable, Realistic, Time-Bound

Strength, Measurable, Achievable, Realism, Time-Bound

Same, Memory, Acoustic, Roaring, Timeless

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a marketing aim

Go bankrupt

Be in financial debt

Profit Decrease

Profit Increase

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