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Chapter 23 Vocabulary

Quiz by illy vee

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10 questions
Show answers
  • Q1
    What is a "Price War?"
    When prices fight on the battlefield.
    When the price of war is very cheap.
    When the price of war is very expensive.
    When competitors lower prices.
    30s
  • Q2

    What is a "Price Boom?"

    When prices increase quickly to the benefit of the sellers.

    30s
  • Q3

    What are "Price Controls?"

    When the government controls the limits of a price.

    30s
  • Q4

    What is a"Price Tag?"

    A ticket attached to a good.

    30s
  • Q5

    What is a "Price Hike?"

    When the price rises a substantial amount.

    30s
  • Q6

    What is a "Price Cut?"

    A reduction of the price.

    30s
  • Q7

    When you "trade up" on your car, you move "up market."

    true
    false
    True or False
    30s
  • Q8

    A "niche" is a group of buyers who are considered to be a "mass market."

    false
    true
    True or False
    30s
  • Q9

    The "list" price is the same as the "recommended retail price."

    true
    false
    True or False
    30s
  • Q10

    When something is "mid-price," that means it is the most expensive.

    false
    true
    True or False
    30s

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