Market

Market

1st - 3rd Grade

5 Qs

quiz-placeholder

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Market

Market

Assessment

Quiz

Social Studies

1st - 3rd Grade

Practice Problem

Easy

Created by

Bo Gao

Used 1+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The size of a market cannot be measured in terms of

Marketing budgets

Sales Volume

Sales Revenue

The number of customers

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Market share can be described as

The number of suppliers in a particular market

The percentage of total sales in a market that can be attributed to a firm

The relative size of a particular market

The total sales, as measured by value or volume, in a market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An advantage of higher market share is that

It can lead to market leadership

It requires economies of scale to be earned

The firm will operate more productively

There will be less competitors in the market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumer markets are the products directly aimed at individuals and households.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Markets can exist without physical location.

True

False

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