Quiz on Marketing Aptitude
January 7, 2011 1 Comment
QUIZ ON MARKETING APTITUDE |
1. Which of the following is the best definition of a market? a) A shopping center b) An arrangement of buyers and sellers c) An industry with many competitors d) An industry that is not a monopoly e) None of above 2. What two factors determine prices in a market? a) Demand and supply b) Inflation and unemployment c) Number of buyers and sellers d) Interest rates and exchange rates e) None of these 3. Which of the following is not an example of legal trading activity? a) Cartels b) Price fixing c) Market sharing d) Discounting the price of new products e) None of these 4. Giffen goods are the goods for which demand decrease when their prices: 5. A market where there are many sellers offering an identical product and 6. What tends to happen in the short term when there is excess demand in 7. Market Expansion means- 8. When price of good is held above equilibrium price, normal result will be 9. In short run to stay in business, firm must cover? 10. Which of the following sector of economy produces unrefined raw materials? 11. Profit is defined as: 12. Which of the following is an example of an indirect tax? 14. Micro economics is concerned with a) Only (A) b) Only (B) c) Only (C) d) Both (A) & (B) e) All (A), (B) & (C) 15. Government economic policy based on taxation and public expenditure is |
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