1. As people get wealthier, they demand goods such as; Holidays, Cars and Electronic goods. Which type of growth is this?
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Other questions in this quiz
2. Ban for advertising tobacco may reduce market size for cigarettes. Which type of Market Growth is this?
3. Whos theory said that staff are more motivated if their social needs are met
4. Which one of the following will a business not use branding for?
- Charge a premium price for their product
- To target consumers
- Differentiate their product from other brands
- Create consumer loyalty
5. What is the formula for market share?
- Sales of business/ Total sales x 100
- Sales of whole market/Sales of business
- Sales of whole market/Sales of business x 100
- Quantity produced/Sales of whole market x 100
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