WorksheetsQ2_Reviewer_SA#2AppEco
Total questions: 20
Worksheet time: 10mins
It is an important feature of a market, including the number of buyers and sellers, product uniformity across sellers, product uniformity across sellers, ease of entering the market, as well as forms of competition.
Market structure
Market forecast
Marketing Mix
Market monitoring
A market structure with many fully informed buyers and sellers of an identical product and ease of entry.
Duopoly
Perfect competition
Imperfect competition
Monopoly
It is a product that is identical across suppliers, such as a sack of wheat, a sack of corn, or a share of company stock. Another definition of the term is that it is a basic good used in commerce that is interchangeable with other goods of the same type.
Commodity
Market
Supply
Demand
It is an economics and business term describing factors that can prevent or impede newcomers into a market or industry sector, and so limit competition.
Marketing mix
Monopoly
Barriers to exit
Barriers to entry
It is a dominant position of an industry or a sector by one company, to the point of excluding all other viable competitors.
Monopoly
Market
Supply
Demand
It is the cost advantages reaped by companies when production becomes efficient.
Economies of forecast
Economies of trade
Economies of scale
Economies of viability
It refers to a small number of producers working, either explicitly or tacitly, to restrict output and/or fix prices, in order to achieve above normal market returns.
Duopoly
Perfect economy
Monopoly
Oligopoly
Four characteristics of monopolistic competition.
High barriers of entry, single seller, price maker, and economies of scale.
High barriers of entry, single sellers, restrictions, and economies of scale.
High barriers of entry, single seller, forecasting, and economies of scale.
High barriers of entry, single sellers, restrictions, and economies of scale.
Three types of monopolies.
Natural monopolies, government monopolies, and monopolistic policies.
Natural monopolies, barriers to entry, and monopolistic policies.
Natural monopolies, government monopolies, and monopolistic competition.
Natural monopolies, government trade-offs, and monopolistic competition.
Four conditions for perfect competition.
many buyers and sellers participate in the market
sellers offer identical products
buyers and sellers are well informed about products
sellers are able to enter and exit the market freely
many buyers and sellers participate in the market
sellers are closing shops
buyers and sellers are well informed about products
sellers are able to enter and exit the market freely
few buyers and sellers participate in the market
sellers are closing shops
buyers and sellers are well informed about products
sellers are able to enter and exit the market freely
many buyers and sellers participate in the market
sellers offer identical products
buyers and sellers are not well informed about products
sellers are able to enter and exit the market with restrictions
The amount of satisfaction a consumer receives from the consumption of a particular product or services.
Economic bias
Economic utility
Economic trade-offs
Economic restrictions
Also known as the four Ps: the product (the good or service), the price (what the consumer pays), the place (the location where a product is marketed), and promotion (the advertising). It is the key factors that are involved in the marketing of a good or service.
Marketing agenda
Marketing Mix
Marketing forecast
Marketing Program
A plan that identifies how a company expects to achieve its goals.
Strategy
Code of Ethics
Company sales
Market share
It involves planning or creating a road map for how you will sell your product or service or customers.
Marketing forecast
Market research
Market share
Marketing strategy
Groups of similar consumers within a larger market are known as ________.
Market forecast
Market segments
Market goals
Market needs
It is a useful tool to assess where you stand in your market in relation to your competitors. It is a common and easily used business analysis tool.
SWOT analysis
ISO analysis
WTO analysis
Marketing mix
Three main ways to conduct market research.
Desktop research
Interview
Library research
Desktop research
Field research
Commercial agencies
Desktop research
Library research
Commercial agencies
Desktop research
Field research
Library research
Types of market segmentation.
Demographic segmentation
Geographic presentation
Firmographic segmentation
Behavioral segmentation
Psychographic segmentation
Demographic segmentation
Geographic segmentation
Firmographic segmentation
Behavioral analysis
Psychographic segmentation
Demographic analysis
Geographic segmentation
Firmographic segmentation
Behavioral segmentation
Psychographic segmentatio
Demographic segmentation
Geographic segmentation
Firmographic Segmentation
Behavioral Segmentation
Psychographic segmentation
It involves collecting and analyzing information about your market, including your customers and competitors. It is vital to research any new market you are moving into to avoid wasting time and money on failed projects.
Market research
Field research
Desktop research
Commercial agencies
These are tools that companies use to develop and promote their products and services. In this context, the word ‘tools‘ refers to techniques, strategies, and materials.
Desktop research
Field research
Marketing tools
Commercial agencies
