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Businesses and Inflation

Authored by adam Barth

Business

9th Grade

12 Questions

Used 19+ times

Businesses and Inflation
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one strategy small businesses can use to attract consumers during periods of high inflation?

Implementing loyalty programs
Increasing prices
Decreasing product variety
Reducing marketing efforts

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does inflation impact consumer behavior?

It has no impact on consumer behavior
It decreases consumer spending
It depends on the industry
It increases consumer spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one potential consequence of raising prices during inflation?

Decreased sales
Higher profit margins
Increased customer loyalty
Lower production costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one strategy small businesses can use to combat increased costs during inflation?

Raising prices
Cutting employee benefits
Expanding product lines
Reducing marketing efforts

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one challenge small businesses face with higher interest rates during inflation?

Lower loan repayments
Higher loan costs
Decreased demand for loans
Easier access to loans

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does inflation impact small business profitability?

It depends on the industry
It has no impact on profitability
It increases profitability
It decreases profitability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way small businesses can invest in employees during periods of high inflation?

Increasing pay
Decreasing salaries
Reducing benefits
Cutting training programs

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