PBMF Ch 11 Review

PBMF Ch 11 Review

8th Grade

40 Qs

quiz-placeholder

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PBMF Ch 11 Review

PBMF Ch 11 Review

Assessment

Quiz

Business

8th Grade

Practice Problem

Easy

Created by

Regina Jackson

Used 3+ times

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40 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The elements of products that may be changed to meet customer needs are features, usage, and ____.

quality

promotion

protection

production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All the goods & services that a business sells is the _____.

catalog

website

listing

product mix

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ goods are consumer products that are bought often and with little effort.

Shopping

Convenience

Major

Speciality

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The _____ is an explanation of the value of a certain product over others that are similar.

value proposition

catalog

selling price

product mix

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount added to the cost of an item to determine the selling price is _____.

tax

profit

markup

base price

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The practice of _____ sets price high to convey quality and status.

even pricing

price lining

prestige pricing

bundling

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _____ is a maximum price set by the government for certain goods & services.

price floor

price ceiling

base price

break-even point

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