2-7 Pricing Consideration Lesson Review

2-7 Pricing Consideration Lesson Review

Assessment

Flashcard

Business

9th Grade

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is one reason people might wait to make a purchase?

Back

They hope the price will drop.

2.

FLASHCARD QUESTION

Front

What is the "selling price"?

Back

The price a product is actually sold for

3.

FLASHCARD QUESTION

Front

Which price conveys the product's perceived worth? Options: Selling price, Cost price, Retail price, Wholesale price

Back

Retail price

4.

FLASHCARD QUESTION

Front

In a free market, who decides what goods are produced?

Back

Consumers and producers

5.

FLASHCARD QUESTION

Front

Which term is synonymous with "Free Market"?

Back

Private Enterprise

6.

FLASHCARD QUESTION

Front

What is the main advantage of a free market?

Back

Consumer choice

7.

FLASHCARD QUESTION

Front

What is the role of competition in a free market?

Back

It drives innovation and efficiency

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