Marketing Chapter 6 Review

Marketing Chapter 6 Review

9th Grade

•

54 Qs

quiz-placeholder

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Marketing Chapter 6 Review

Marketing Chapter 6 Review

Assessment

Quiz

•

Business

•

9th Grade

•

Practice Problem

•

Medium

Created by

Kyle Wooten

Used 4+ times

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54 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the study of how people choose to use resources?

Psychology

Sociology

Economics

Anthropology

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What concept explains the impact on individuals and nations when resources are limited?

Demand

Scarcity

Supply

Opportunity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many major factors of production are there according to the objectives?

Two

Three

Four

Five

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term refers to the basic elements used in the production of goods and services?

Opportunity cost

Factor of production

Productivity

Entrepreneurship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the cost of the next best alternative use of money, time, or resources when one choice is made over another?

Scarcity

Supply and demand

Opportunity cost

Capital good

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term describes the limited nature of society's resources?

Economics

Scarcity

Labor

Infrastructure

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the effort that people contribute to the production of goods and services?

Capital

Technology

Labor

Natural resource

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