
Business chapter 43
Authored by Callie Sebastianus
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11th Grade

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44 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Why might a business lose sales if it charges a significantly higher price than its rivals?
Customers are forced to buy from them
Consumers can easily switch to another supplier
It increases brand loyalty
Higher prices always mean better quality
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How can businesses justify charging higher prices?
By differentiating their product and increasing perceived value
By reducing customer service
By limiting production
By ignoring competitors
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Why do highly competitive markets result in lower profits?
Profit must be shared among more competitors
Businesses do not focus on profit
Higher sales always lead to lower profits
Competitors set unreasonably low prices
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How can businesses increase profit despite competition?
By operating more efficiently and reducing costs
By increasing advertising only
By avoiding customer engagement
By refusing to adjust prices
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Why is communication with customers essential for business survival?
It allows businesses to ignore competition
It helps businesses understand and meet customer needs
It increases production costs
It eliminates the need for marketing
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an effective way for businesses to communicate with customers?
Avoiding feedback
Using social media and market research
Decreasing customer service
Raising prices
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is innovation important for businesses?
Customers prefer unique and new products
It reduces operational efficiency
It decreases market competition
It always leads to higher costs
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