Store Lesson 3 Price

Store Lesson 3 Price

9th - 12th Grade

10 Qs

quiz-placeholder

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Store Lesson 3 Price

Store Lesson 3 Price

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Erica Durant

Used 2+ times

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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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