MKT Final Prep 1st Assessment

MKT Final Prep 1st Assessment

University

36 Qs

quiz-placeholder

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MKT Final Prep 1st Assessment

MKT Final Prep 1st Assessment

Assessment

Quiz

Business

University

Hard

Created by

Pichpisey Eng

Used 6+ times

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36 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Price is the only element in the marketing mix that produces ________ .

Answer explanation

Other marketing mix such as products require money to make, promotions require money to advertise, places require money to deliver products to your customers.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The _______volume is the point at which the total revenue and total costs lines intersect.

Answer explanation

Media Image

Basically, it's a point where there is no profit and no loss but it also the point beyond which profits will be made.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

_____ costs remain as the number of units produced increases.

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Rent, Interest, and executive salaries are examples of ____ ______.


Answer explanation

They do not change regardless of how much products you are making a day.

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Costs that vary directly with the level of production are referred to as ___.

6.

OPEN ENDED QUESTION

3 mins • 1 pt

Give an example of variable cost. (short answer)

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7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

________ are the sum of the fixed and variable costs for any given level of production.

Answer explanation

Pretty self-explanatory

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