BUSINESS QUIZ

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1. Which one of the options is not true about online retailing?

  • It is difficult to gather personal information from customers while selling goods and services online.
  • Online retailing provides greater flexibility.
  • An online retailer is open 24/7.
  • Selling costs can be avoided if products are sold online.
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2. Which one of the options is not true about branding?

  • Branding creates customer loyalty.
  • Branding helps a business to develop its image.
  • Branding causes a business to charge lower prices.
  • Branding might be used to differentiate the product from those of rivals.

3. Dynamic Market refers to

  • a market that may grow and shrink over the time.
  • a market that changes very rapidly.
  • a market that changes every year.
  • a market which remains stable.

4. E-commerce involves

  • All the options are correct.
  • selling goods to customers online.
  • using the of electronic systems to sell goods and services.
  • buying goods online

5. Market share can be calculated by

  • volume.
  • None of the options are correct.
  • Both Value and Volume are correct.
  • value.
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