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WorksheetsYear 10 Business & Economics Chapter 4 Quiz
Total questions: 10
Worksheet time: 6mins
Which of the following is an external factor that could influence a consumer when making a purchase decision?
Psychological
Finance (availability and cost)
Social and cultural
Ethical and environmental considerations
When the demand for a product has a large drop-off because the price of the product increases, this is called
Price stretch
Price bounce
Price elasticity
Price inelasticity
Which of the following products is likely to show price elasticity?
Fresh fruit
Milk
Bread
Eggs
Which of the following is an internal factor that could influence a consumer's buying decision?
Internet marketing
Price
Finance (availability and cost)
Social and cultural
A result of not keeping on top of debt payments and therefore accumulating more debt through interest and extra borrowing is called a
debt circle
debt cycle
debt pattern
debt rotation
An opportunity cost is
an alternative you choose to buy when you have a choice between two things or events
an alternative you go without when you have a choice between two things or events
weighing benefits and costs of a thing you want to buy or an event you want to go to
the cost of a thing you want to buy or an event you want to go to
In a car accident, comprehensive insurance covers the damage to (choose all that apply)
the other person's car
your own car
other people's property
people involved in the accident
An example of a major purchase decision would be (choose all that apply)
a family spending $150 at a supermarket
buying petrol for your car
buying your first car
buying your first house
When you drive a a sedan, station wagon, hatch or 4WD, the annual car registration fee in the metropolitan area in Victoria is
$245.90
$545.90
$864.40
$1045.90
Which age group has the highest car insurance premiums?
16-20
18-21
18-22
18-25
