Price Elasticity of Demand (PED) is...

Cambridge A Level Chapter 21: Marketing Analysis

Quiz
•
Business
•
12th Grade
•
Hard
Christhopi Sinulingga
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A measure of the responsiveness of price for a product following change in its demand
A measure of the responsiveness of demand for a product following change in its price
A measure of the responsiveness of demand for a product following change in its elasticity
A measure of the responsiveness of demand for a product following change in its market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the value of PED is between 1 and infinity, the classification is...
Perfectly inelastic demand
Perfectly elastic demand
Inlastic demand
Elastic demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following are factors that determine price elasticity of demand, except...
Consumer loyalty
How necessary the product is
Number of close competitors
Popularity of the product
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A product that experiences an increase in demand when consumer incomes fall is a description of the term...
Inferior product
Inferior good
Superior product
Superior good
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following are the process of new product development, except...
Concept development and testing
Business analysis
Promotion planning
Test marketing
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Qualitative sales forecasting methods are, except...
Delphi method
Jury of experts
Extrapolation
Sales force composite
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
By the moving averages method, there are factors that we can identify that are expected to influence future sales, they are...
Trend, seasonal fluctuations, finance fluctuations
Trend, seasonal fluctuations, cyclical fluctuations
Finance fluctuations, seasonal fluctuations, cyclical fluctuations
Trend, cyclical fluctuations, finance fluctuations
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
Y12 Econ - Review Quiz 2

Quiz
•
12th Grade
10 questions
Supply and Demand

Quiz
•
10th - 12th Grade
12 questions
Edexcel Economics 1.2.7 Price Determination

Quiz
•
12th Grade
10 questions
Business Management IB Marketing 4.1-4.5

Quiz
•
11th - 12th Grade
12 questions
Introduction to Price Elasticity of Demand

Quiz
•
8th Grade - University
14 questions
Ch. 17.2 Types of Promotion

Quiz
•
9th - 12th Grade
10 questions
024 - E.22: Competition Impacts on Pricing and Production

Quiz
•
12th Grade
15 questions
Supply and demand

Quiz
•
12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade