Marketing /Management

Marketing /Management

12th Grade

46 Qs

quiz-placeholder

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Marketing /Management

Marketing /Management

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

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46 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the study of economic behavior in the economy known as?

Microeconomics

Management

Macroeconomics

Market Analysis

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What does management involve?

A reduction in selling price

Developing and evaluating business plans

Gaining competitive market information

Analyzing market opportunities

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is a markdown in business terms?

An increase in product price

A business strategy

A reduction from the original selling price

A market research technique

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the primary focus of market analysis?

Studying economic behavior

Developing competitive strategies

Implementing business activities

Providing information for marketing strategy development

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What does market intelligence involve?

Pricing strategies

Gaining competitive market information

Managing business operations

Evaluating economic theories

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the purpose of market opportunity analysis?

To reduce product prices

To study economic trends

To locate the best market segments based on demand and competition

To implement marketing strategies

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What does the term "market potential" refer to in business studies?

The unique image of a product in a consumer's mind

The total revenue that can be obtained from a market segment

The point where supply and demand for a product are equal

The creation and maintenance of satisfying exchange relationships

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