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WorksheetsMarket
Total questions: 41
Worksheet time: 23mins
what refers to buying and selling in large quantities?
Weekly market
wholesale market
Mall
Cineplex
why is weekly market called so?
Because it is held daily
Because it is held on alternate days
Because it is held specific day of week
All of above
who is retailer?
small traders
whole sale
sales man
None of these
The ........................ shop owners have to pay taxes and rent
Temporary
Makeshift
Permanent
Regular
What is a Market??
a place where we buy medicines
a place to popularise products
a place where goods and services are exchanged for a price
a place where we buy Cars
who is trader?
people between employee and customer
people between producer and consumer
people between staff and employee
none of these
what is required for cashless shopping ?
Ration card
Credit card
Driving license
All of these
In Retail Market goods are in :-
Bulk and low price
Small quantity and high price
In Wholesale Market goods are in bulk.
True
False
Which of the following that best define the word 'MARKET' in Economics?
A place where sellers and buyers meet to exchange goods/services in a either physical or virtual market.
A place where sellers and buyers distribute goods/services and promote the products they sell.
A place where sellers and buyers meet to bargain and create businesses.
A place where sellers and buyers meet and negotiate in order to mutually benefit on another.
True or False?
Sellers and buyers MUST see each other in person so that the exchange goods or services can be done.
TRUE
FALSE
True or False?
As buyers, we do not need to see overseas sellers in person/physically because we have intermediaries to deal with that.
True
False
True or False?
The reason we can trade globally is because of the advancement of technology. Everything is just 'one-click away' - to order goods via applications. Therefore, we don't always need to see the sellers in person.
True
False
Prices are decided based on the agreement between buyers and sellers. In this case, sellers would agree on a price level if .....
There are no other similar products available in the market.
Their products give quality according to price.
The profit they make from the product(s) they produce is high enough for them.
The production costs are lower than the competitors' production costs.
Which of the following does NOT show the main difference between traditional markets and modern markets?
Traditional markets prices are cheaper.
Traditional markets are way much more convenient to shop at in terms of cleanliness.
People can buy a wider range of products in modern markets.
People can haggle in traditional markets.
Which of the following are examples of consumer goods and virtual markets, respectively (secara berurutan)?
IKEA and Starbucks
Shopee and IFEX
Amazon and Galaxy Mall
Ranch Market and Tokopedia
Which of the following is NOT the correct characteristics of imperfect competition market?
Buyers do not posses full information about the market.
It is very difficult for companies to enter and exit the market.
Most of products available are similar or homogenous
Business or companies can determine the prices.
Which of the following is the correct example of a consumer goods, physical yet modern, and national market?
Which of the following is the criteria for consumers goods and producer goods market?
Markets based on the form
Markets based on the traded goods/services
Markets based on the distribution area
Markets based on the structure
Why is it products from a Wholesaler like Pasar Grosir Surabaya (PGS) is more profitable for Warung or restaurant owners?
Because it is cheaper than in any modern markets.
Because we can be a member of that place that comes with many benefits.
Because the price per item will cheaper as we can buy them in a large quantity.
Because such place is only accessible for business owners and not for consumers.
If a market is held on a specific day of the week then it is known as
Bi-weekly Market
Super Market
Weekly Market
Shopping Malls
One who buys the goods in large quantities is known as
Retailer
Wholesaler
Consumer
Producer
Where is it?
Hospital
market
school
vegetary place
I am of type Market?
Physical Retail Market
Non Physical Market
Stock Market
Convience Store
I am of type Market?
Physical Retail Market
Non Physical Market
Stock Market
Convience Store
this is not character of traditional market
Fix Price
Many Seller
You Can Bargain
a bit dirty environment
Buying and selling also take place without going to the market but through telemarketing and internet.
True
False
Markets Establish a link between
Producers and Consumers
Traders And Craftsmen
Traders And Salesperson
the two main activities that take place in a market are _______and________ .
buying and selling
wholesaling and retailing
dancing and singing
jumping and sleeping
the two main activities that take place in a market are _______and________ .
buying and selling
wholesaling and retailing
dancing and singing
jumping and sleeping
__________ is something that is universally acceptable as a means of payment.
money
paper
gold coins
brass coins
Location, price and quality are some of the factors that influence a consumer’s choice of market.
true
false
what refers to buying and selling in large quantities?
Weekly market
wholesale market
Mall
Cineplex
The town wholesale trader directly buys the stocks from the producers.
True
False
Weekly Markets have temporary shops.
True
False
Most common market in 2022.
Mall
Online makret
Neighbourhood shops
E-shopping
What is an enclosed shopping space in shops, restaurants and cinema theatres?
Mall
Local market
Weekly market
None of these
In Direct channels................
producer sells their goods through middlemen
through online
producer sells goods directly to the consumers
All of the above
shopkeepers in a weekly market are.........
large traders
small traders
wholesalers
none
What do you mean by malls?
Multi-storied buliding
Retailers
Wholesaler
None of these
The permanent market owners doesn't have to pay taxes and rent.
True
False
