
Competition & Consumers Review
Quiz
•
Business
•
10th - 12th Grade
•
Hard
Kari Parkin
Used 1+ times
FREE Resource
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15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A group of similar consumers within a larger market.
Market
Market Segment
Target Market
Sample
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of competition occurs when companies offer similar products but they are clearly different for consumers.
Limited Competition
Intense Competition
Monopolistic Competition
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
_____ _____ is a condition or circumstance that puts a company in a favorable or superior business position.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of competition occurs when companies offer a product or service with little to no competition.
Limited Competition
Intense Competition
Monopolistic Competition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A particular group of consumers at which a product or service is aimed.
Market
Market Segment
Target Market
Sample
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person or organization that buys goods or services from a store or business.
Customer
Target Market
Seller
Service Provider
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Customer _____ is a level of approval when comparing a product's perceived performance with his or her expectations.
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