ISEM F-FINAL Quiz PT. 2

During a group project, Evelyn showed that (a)   is an example of an employability skill.

• Learning a new language

• Coding a website

• Demonstrating teamwork

• Buying a new product

In Mason's village, economic decisions are primarily influenced by:

• Supply and demand

• Customs and traditions

• Government directives

• Market trends

In Jackson's town, the local businesses and shops adjust their products and services based on what the residents prefer and demand. Which economic system is this an example of?

• Command economy

• Market economy

• Traditional economy

• Mixed economy

Luna is deciding between going to a concert or working an extra shift at her job. The opportunity cost of attending the concert is best defined as:

• The price paid for the concert ticket

• The value of the extra shift she misses

• A financial resource used in business

• A type of economic system

Rohan is starting a new business and is considering what he needs to get started. He knows he will need natural resources, labor, capital, and entrepreneurship. These are known as:

• Opportunity costs

• Economic resources

• Employability skills

• Marketing strategies

Rohan is working on a project where he needs to understand the process of:

• Buying and selling goods online

• Delivering and exchanging offerings with value

• Manufacturing goods for businesses

Mia is learning about the 4 Ps of Marketing, which are (a)   , Product, Price, and Promotion.

• Product, People, Price, Production

• Place, Product, Price, Promotion

• Promotion, Partnership, Process, Pr

• People, Process, Price, Production

Michael is starting a new business and wants to focus his marketing efforts effectively. A target market for Michael is:

• All customers in the world

• A specific group of potential customers

• The production area for goods

• The location of the main business office

Hannah is working on a marketing project and needs to divide the market for a new product. She decides to segment the market based on:

• Total profits and revenue

• Product quality and size

• Characteristics like demographics and behavior

• Competitor pricing

Olivia is working on a marketing project. Which of the following is an example of branding?

• Offering free samples of a new drink

• Nike’s slogan, "Just Do It"

• Dividing markets by geography

• Selling products directly to consumers