BP1-Q1 - Marketing Principles

BP1-Q1 - Marketing Principles

1st Grade - Professional Development

15 Qs

quiz-placeholder

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BP1-Q1 - Marketing Principles

BP1-Q1 - Marketing Principles

Assessment

Quiz

Business

1st Grade - Professional Development

Medium

Created by

Ann L

Used 5+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Demand is the action or business of promoting and selling products or services, including market research and advertising.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Needs are the physiological necessities required for human survival.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Wants are more physiological indicating preferences that can improve the consumer's life condition.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Marketing is the willingness to buy and ability to pay for a particular product or services.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Perfect competition is a market system characterized by many different buyers and sellers.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In oligopoly, there is only one producer of a particular good or service, and generally no reasonable substitute.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A monopsony has only one buyer for a particular good or service giving the buyer significant power in determining the price of the products produced.

TRUE

FALSE

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