Entrepreneurship and Pricing Strategies Quiz

Entrepreneurship and Pricing Strategies Quiz

12th Grade

20 Qs

quiz-placeholder

Similar activities

Scarcity and the Science of Economics

Scarcity and the Science of Economics

12th Grade

20 Qs

5.2 Research and development HL

5.2 Research and development HL

11th - 12th Grade

15 Qs

Destination & Tourism Product Life Cycle

Destination & Tourism Product Life Cycle

10th - 12th Grade

19 Qs

Under the lion's paw

Under the lion's paw

7th - 12th Grade

15 Qs

IIMT 24

IIMT 24

9th - 12th Grade

20 Qs

quiz pkwu

quiz pkwu

12th Grade

20 Qs

pengolahan kelas 12

pengolahan kelas 12

12th Grade

20 Qs

Generasi Muda, Sehat Tanpa Penyalahgunaan Obat

Generasi Muda, Sehat Tanpa Penyalahgunaan Obat

10th - 12th Grade

20 Qs

Entrepreneurship and Pricing Strategies Quiz

Entrepreneurship and Pricing Strategies Quiz

Assessment

Quiz

Other

12th Grade

Practice Problem

Hard

Created by

Jesus Garcia

Used 2+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of entrepreneurship?

To create a new product

To achieve profit

To solve social problems

To attract investors

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a key trait of entrepreneurship?

Innovation

Risk-taking

Problem-solving

Competitor elimination

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in creating a business?

Conducting market research

Developing a product

Identifying a problem

Setting a price

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is market research important in entrepreneurship?

It guarantees profit

It identifies customer needs and competitors

It reduces production costs

It eliminates risks

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is cost-based pricing?

Setting a price based on what customers expect

Adding desired profit to total production cost

Matching competitor prices

Using discounts to attract customers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which pricing strategy focuses on customer expectations?

Cost-based pricing

Profit-based pricing

Market-driven pricing

Dynamic pricing

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the cost-based pricing example, what is the selling price of a loaf of bread with a total cost of $1.50 and a profit of $0.50?

$1.00

$1.50

$2.00

$2.50

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?