Mid Unit 5 Review_M2

Mid Unit 5 Review_M2

9th - 12th Grade

17 Qs

quiz-placeholder

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Mid Unit 5 Review_M2

Mid Unit 5 Review_M2

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Kameron Kalolo

Used 2+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Gavin's Baseball Bats sells 15% of all baseball bats in Tennessee, 15% is the company's...

Market percentage

Market share

Profit

Market amount

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To understand pricing, you must understand _______, which is the satisfaction placed on a product.

Profit

Price

Satisfaction

Value

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company's profit is the same as its return on investment.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The more unusual a product is perceived, the greater the freedom to set higher prices.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What law prohibits companies from selling products at very low prices?

Robinson Patman

Federal Trade Act

Unfair Trade Practice Law

Hershey Rules

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If insulin prices increase, people will still pay. Their continued demand for insulin is...

Inelastic

Elastic

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When sales revenue equals the total cost and expenses of making and distributing a product

ROI

Profit

Cost of Goods

Break Even Point

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