Understanding Competition and Market Dynamics

Understanding Competition and Market Dynamics

12th Grade

27 Qs

quiz-placeholder

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Understanding Competition and Market Dynamics

Understanding Competition and Market Dynamics

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Neidy Bracho

Used 2+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Direct competitors are businesses that sell different products or services that fulfill the same customer need or want.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Market share is the percentage of a target market population that is buying a particular product or service from your business.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A surplus occurs when the quantity supplied is greater than the demand.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The equilibrium point is where the supply curve and the demand curve intersect.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Global competition only affects large multinational corporations.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company's market share can never be greater than 100%.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Indirect competitors can sometimes pose a greater threat than direct competitors.

True

False

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