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Q 1/20
Score 0
How does selling benefit the private enterprise economics system?
30
Increases prices of products
Eliminate competition
Contributes to unemployment
Add utility to products
Q 2/20
Score 0
What is the total cost of a product priced at $175 with a sales tax of 4 1/2%?
30
$182.88
$183.26
$167.12
$179.84
20 questions
Q.
How does selling benefit the private enterprise economics system?
1
30 sec
Q.
What is the total cost of a product priced at $175 with a sales tax of 4 1/2%?
2
30 sec
Q.
What is sales tax based on?
3
30 sec
Q.
Most consumer goods and services carry additional charges that are regulated by and paid to local governments. What type of tax are these additional charges?
4
30 sec
Q.
Where is the best place to start looking for data about competitors?
5
30 sec
Q.
Which of the following is a type of external marketing information that helps businesses make decisions?
6
30 sec
Q.
What's the business gathered a better understanding predict future risk?
7
30 sec
Q.
A manufacture is looking for a way to collect information about the buying habits of existing customers. What would be an efficient method of obtaining this information?
8
30 sec
Q.
Which of the following is an example of market segmentation on the basis of product usage?
9
30 sec
Q.
Would a successful business ever change its marketing strategy?
10
30 sec
Q.
What are companies that want to meet the specialized needs of the specific customer group likely to use?
11
30 sec
Q.
A business produces high quality products that are advertised at higher prices in national magazines. But they also sell at discount stores. Which part of this marketing mix is inappropriate?
12
30 sec
Q.
Which of the following is a reason why some businesses use predatory pricing?
13
30 sec
Q.
Can prices be set too low?
14
30 sec
Q.
Why is it usually considered unethical for businesses to develop pricing structures that are intended to confuse customers?
15
30 sec
Q.
Why do many businesses post price information on a website to make it possible for customers to use the Internet access pricing?
16
30 sec
Q.
In which of the following situations might loss-leader pricing be illegal?
17
30 sec
Q.
What pricing objectives would be most effective for a new business that wants to establish a marketshare, be competitive, and create a specific image?
18
30 sec
Q.
Technology enables manufactures to simplify the price marking function by:
19
30 sec
Q.
Which of the following allows customers to check the price without the help of the salesperson?
