Unit 1 Review

Unit 1 Review

11th - 12th Grade

43 Qs

quiz-placeholder

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Unit 1 Review

Unit 1 Review

Assessment

Quiz

Business

11th - 12th Grade

Medium

Created by

Beni Porter

Used 4+ times

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43 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is a target market, specifically?

a group of people most likely to become customers

group of people with similar ages

group of people of the same ethnicity

group of people who like the same color

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The owner of a financial consulting business provides her customers with?

a good

a service

a promotion

a target market

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

An increased demand for a product with likely lower the unit cost of producing the product.

true

false

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Channel management involves getting the product into the consumer's hands.

true

false

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The added value of a product in economic terms is known as

product/service management

price

utility

scarcity

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Percentage of total sales in any given market is known as

market share

sales volume

competition

market ratio

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the 7 functions of marketing involves deciding where and to whom products need to be sold to reach the final users?

MIM

selling

product/service management

channel management

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