MP Factors Affecting PSM

MP Factors Affecting PSM

9th - 12th Grade

7 Qs

quiz-placeholder

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MP Factors Affecting PSM

MP Factors Affecting PSM

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Easy

Created by

Lynley Payne

Used 5+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lay's regularly releases new potato chip flavors based on feedback from their customers. This is based on which factor affecting PSM?

Customer Needs & Wants

Competition

Government Regulations

Company Goals & Strategies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lay's decides to take a closer look at the formula for their dill pickle chips.

Business & Economic Trends

Costs & Available Resources

The Product Itself

Company Goals & Strategies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is required by law that Lay's posts important health, nutrition, and allergy information on their packaging.

Customer Needs & Wants

Competition

Government Regulations

Company Goals & Strategies

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lay's has a goal to be the #1 chip brand, and they make all decisions with this goal in mind.

Customer Needs & Wants

Competition

Government Regulations

Company Goals & Strategies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lay's may need to downsize due to economic conditions and would need to figure out which products to eliminate.

Business & Economic Trends

Costs & Available Resources

The Product Itself

Company Goals & Strategies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lay's notices that Ruffles and Utz are both releasing innovative new chips, and Lay's realizes they must get creative in order to stay relevant.

Customer Needs & Wants

Competition

Government Regulations

Company Goals & Strategies

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lay's is testing out a new product but soon discover it will be too expensive to produce and they will not make any money from it.

Business & Economic Trends

Costs & Available Resources

The Product Itself

Company Goals & Strategies

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