Chapter 13 Quiz

Chapter 13 Quiz

12th Grade

10 Qs

quiz-placeholder

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Chapter 13 Quiz

Chapter 13 Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Erica D

Used 1+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • By understanding your ______________, you can better adapt to the new things they bring to your industry and keep up demand for your business.​

customers

investors

buyers

competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses that sell a similar product or service are your ____________

indirect competitors

direct competitors

main product

secondary product

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses that sell a different product or service, but that still fill the same customer need or want, are your ________

direct competitors

indirect competitors

secondary product

main product

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________ is the percentage of a target market population that is buying a particular product or service from your business.

Market share

Valuation

Moderation

Balance statement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula for market share is:

Total Sales * Total Market Size = Market Share Percentage​

Total Sales + Total Market Size = Market Share Percentage​

Total Sales - Total Market Size = Market Share Percentage​

Total Sales ÷ Total Market Size = Market Share Percentage​

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • The ________ economy is the flow of goods and services around the world.​

global

national

command

market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • __________ is a business activity in which goods and services leave a country to be sold to foreign consumers.​

Importing

Exporting

Reporting

Deporting

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