Mercado, Oferta y Demanda

Mercado, Oferta y Demanda

University

15 Qs

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Mercado, Oferta y Demanda

Mercado, Oferta y Demanda

Assessment

Quiz

Mathematics

University

Practice Problem

Easy

Created by

GUIDO MARQUEZ

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the concept of a market in economic terminology?

An area where buyers and sellers maintain commercial relationships.

A place where only buyers gather to purchase goods.

A system that eliminates the need for trade.

A method of production.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the origin of the market relate to?

The realization of trade by primitive man.

The establishment of currency.

The invention of agriculture.

The development of technology.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of commerce in relation to the market?

To overcome obstacles of space and time.

To eliminate competition.

To reduce prices.

To limit consumer choices.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of a market?

A group of real and potential consumers of a product.

A place where only goods are exchanged.

A system of barter.

A method of production.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of market research?

To link consumers with marketers through information.

To eliminate competition.

To increase prices.

To reduce consumer choices.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four fields where market research can be applied?

Consumer, Product, Market, Advertising.

Production, Distribution, Sales, Marketing.

Finance, Management, Operations, Strategy.

Human Resources, IT, Customer Service, Logistics.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a wholesale market?

A market where goods are sold in large quantities.

A market where only retail sales occur.

A market that only sells luxury items.

A market that operates online.

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