Module 4 (Lesson 1-2)

Module 4 (Lesson 1-2)

University

20 Qs

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Module 4 (Lesson 1-2)

Module 4 (Lesson 1-2)

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

LMhae Calderon

Used 31+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a form of human need shaped by culture and individual personality.

Wants

Needs

Demands     

Value 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are human wants and needs back up by purchasing power.

Demands

Wants

Value 

Needs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This term refers to a state of felt deprivation. It is also known as natural essential elements designed for survival.

Needs

Value 

Wants

Demands

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is known as the act of obtaining a desired object from someone by offering something in return.

Transactions

Exchange

Relationships

Quality

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are group of people who have the money and the willingness to spend it.

Markets

Customer

Consumer

Demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The extent to which a product tends to meet the buyer’s expectation of this product.

Satisfaction 

Quality

 Relationships

 Transactions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bundle of attributes and benefits designed to be offered to buyers to satisfy their needs, wants and demands.

Products     

Goods

Services

Value 

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