Demand shows.....

BESY: EXTERNAL BUSINESS ENVIRONMENT

Quiz
•
Deborah Crookes
•
Other
•
1st - 5th Grade
•
21 plays
•
Medium
Student preview

11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
how much a business can make available to sell
how many consumers can afford to buy a product or service
how high inflation is
how much goods/services customers will buy at different prices
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Supply shows....
How many people want to buy a product or service
how many units producers would offer for sale at different prices
the different prices customers will pay for goods/services
how much a business has in stock
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If selling prices are high.....
demand goes down
supply remains constant
supply goes down
demand goes up
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
To make a profit......
selling price must the same as production costs
selling price must be lower than expenses
production costs must be lower than selling price
production costs must be higher than selling price
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
globalisation is.....
when businesses are on the internet
When businesses have a website
when businesses are in the EU
when businesses buy from and sell to many countries, with operations all over the world
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GDP stands for....
Gross domestic product
Gross deflated price
General domestic prices
Green domestic production
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Inflation is when.....
The value of money is increased
You can buy more goods for less money
The value of money is decreased
The government has put interest rates up
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