Demand Quiz
Authored by Nicole Richards-Jones
Business
12th Grade
Used 6+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the amount of a good that consumers are willing and able to buy at a given price?
Product differentiation
Market mapping
Demand
Value-added
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following factors can lead to a change in demand?
Changes in consumer incomes
Advertising and branding
External shocks
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines the level of demand for a product or service?
Price
Market segmentation
Information Technology
Product differentiation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of non-price determinants of demand?
Price of substitutes
Changes in consumer income
Marketing and advertising
Seasonality
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a product that can be replaced with another similar product?
Substitute goods
Complementary goods
Demographics
External shocks
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following can stimulate demand for a product or service?
Trends and fads in fashion and tastes
Marketing and advertising
Population structure and demographics
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a predictable change or pattern in a time series that recurs over a one-year period?
Substitute goods
Complementary goods
Demographics
Seasonality
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