Markets and Theories

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1. As people get wealthier, they demand goods such as; Holidays, Cars and Electronic goods. Which type of growth is this?

  • Economic
  • Legislative
  • Innovation
  • Social
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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?

  • Innovation
  • Social
  • Legislation
  • Economic

3. Whos theory said that staff are more motivated if their social needs are met

  • Taylor
  • Mayo
  • Herzberg
  • Maslow

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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