Checkpoint 2 Gr 10 Revision

Your Checkpoint 2 will be

• on Swift Assess

• on LMS

• on paper

• a PowerPoint

There will be ....questions

• 20

• 5

• 100

• 10

The Checkpoint 2 will be

• now

• next lesson

• next month

• next year

What are the elements of the marketing mix?

• People, parcels, place, products

• People, parents, price, place

• Product, price, place, promotion

• Product, people, place, price

Businesses need to charge prices they know their customers are willing and able to pay.

 

Which factor influencing price is this?

• law

• price of similar products

• costs

• demand

Which pricing strategy is used by a business that sells luxury items and wants the product to be exclusive?

• Cost-plus pricing

• Price skimming

• Premium pricing

• Competitive pricing

Which pricing strategy is used when only one product is produced?

• price skimming

• competitive pricing

• cost-plus pricing

• premium pricing

Which pricing strategy is used for innovative technological products?

• cost-plus pricing

• premium pricing

• price skimming

• competitive pricing

Reem sells calendars.

Total cost: AED 4,000

Output: 100 units

Mark-up: 70%

Calculate the selling price for each phone charger.

• 68

• 40

• 28

• 70

Amna sells dresses in Ajman.

% change in quantity demanded: Increased by 40%

% change in price: Decreased by 20%

Calculate the Price Elasticity of Demand (PED) for Amna and choose the correct answer:

• The PED is 0.5, so the product is elastic.

• The PED is 0.5, so the product is inelastic.

• The PED is 2, so the product is elastic.

• The PED is 2, so the product is inelastic.