Store Lesson 3 Price

Quiz
•
Business
•
9th - 12th Grade
•
Medium

Erica Durant
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An exchange (typically a monetary exchange) in order to obtain something is called
The opportunity
The expense of a good or service
The time it takes to receive an item
The cost of a good or service.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The term cost and price are considered
Same
Different
Or both
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The price of goods and services is established to not fulfill a successful exchange process with the customer.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to making good pricing decisions?
If a product is priced to high it can create a loss
If a product is priced to low it can create a loss
It will make the business successful
All of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Factors that are within the control of the business or can be altered by the business are called
External
Competative
Internal
Operational
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Internal Factors are
Cost of goods
Operating Expenses
Product mix
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Factors that occur outside of the business operation and cannot be controlled by the business is called
External
Operating Expenses
Internal
Product Mix
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