WorksheetsDirect and Indirect Competition 2nd C 30092020
Total questions: 11
Worksheet time: 6mins
What is competition?
The Rival Businesses
Direct and Indirect Competitors
Competitors influence supply and demand relationship
All the answers above
None of these answers
Choose the correct statement
Direct competitors are Businesses in your market that sell a similar product or service/Similar line of products
Direct competitors are Businesses in your market that sell a different product or service
Direct competitors are Businesses that sell a different product or service than your business but that still fill the same costumer need or want.
If a person decides to make a product rather than buy it, purchasing ingredients or raw materials, being a less expensive option. What type of competition are we talking about?
Indirect competition
Direct competition
Other forms of competition
Select the correct statement
McDonlads and Burguer King are direct competitor while KFC and Las Papas de la Maria are also direct competitors.
McDonlads and Burguer King are indirect competitor while KFC and Las Papas de la Maria are direct competitors.
McDonlads and Burguer King are direct competitor while KFC and Las Papas de la Maria are indirect competitors.
Define Market Share
Market share is the percentage sales of two or more businesses in a market
Market share is when businesses are sharing costumers in a specific market
Market share is the percentage of a target market population that is buying a particular product or service from your business.
Select the right Market Share formula
Total Revenue ÷ Total Market size = Market Share Percentage
Total Sales ÷ Total Market size = Market Share Percentage
Total Sales * Total Market size = Market Share Percentage
Using the market share formula Total Sales ÷ Total Market size = Market Share Percentage solve the next exercise:
In its first year the X-Company sold $125,000 of printers and the total market sales that year were $1'960,000. Find the X-Company Market Share percentage.
0.063%
6.3%
63%
The Global Economy is the Flow of goods and services around the world
True
False
Scarcity forces countries to buy and services from other countries
Yes
No
Exporting and Importing are International Trade Terms?
Yes
No
What ways can you use to export/import products?
Select the correct answers
Truck
Train
Car
Ship
Plane
