
The Market
Quiz
•
Business
•
9th Grade
•
Practice Problem
•
Medium
Mr Brown
Used 1+ times
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51 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A market is defined as:
A place where buyers and sellers interact to exchange goods and services.
A location where only sellers gather to display products.
A government office that regulates prices.
A store that only sells one type of product.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market size, share, and growth are calculated to:
Understand the overall market potential and trends
Increase product prices
Reduce competition
Ignore customer needs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Online retailing offers which of the following benefits?
Wider product selection and convenience
Limited shopping hours
Higher prices due to overhead costs
Restricted access to products
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of businesses fail in the first year?
20%
50%
10%
70%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of businesses fail in the first 5 years?
About 50%
About 20%
About 70%
About 90%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of small businesses fail within the first year?
50%
10%
25%
70%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of small businesses fail within the first 5 years?
95%
50%
30%
70%
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