Business Essentials 2.05 Ready, Set, Compete

Business Essentials 2.05 Ready, Set, Compete

9th - 12th Grade

20 Qs

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Business Essentials 2.05 Ready, Set, Compete

Business Essentials 2.05 Ready, Set, Compete

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Used 43+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is one of the main principles of the private enterprise system:

Monopoloies

Competition

Price fixing

Exclusive agreements

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Burger King and McDonald's are examples of

Regulated monopolies

Unregulated businesses

Dissimilar firms

Direct competitors

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a consumer chooses to go to the movies rather than to a pizza parlor, then the movie theater and the pizza parlor are

Direct competitors

Indirect competitors

Engaging in prospecting

Engaged in price competition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most businesses put their greatest competitive efforts into competing

Locally

Nationally

With direct competitors

When with indirect competitors

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An electronics store charges less for a new television than other electronics store. The store is engaging in competition.

Price

Nonprice

Unethical

Sales

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When Maura purchased a new car, she was able to get part of the purchase price back from the car's manufacturer. The car's manufacturer engaged in

Price fixing

Non-price competition

Clearance sales

Offering rebates

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Offering high quality, large assortments, and free shipping are examples of

Rebates

Nonprice competition

Price fixing

Price competition

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