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Market Basics Quiz

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Test your understanding of markets and buyers.

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Philippines

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Market Basics Quiz
 

Market Basics QuizOnline version

Test your understanding of markets and buyers.

by Dianara Morales
1

1. A market exists whenever the ______ come together.

2

2. What best describes a physical market?

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3. Which of the following is an example of a physical market?

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4. In today’s business world, buyers and sellers ______.

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5. What do we call markets that operate through the internet or telecommunications?

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6. Which of the following is an example of a virtual market?

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7. A potential market refers to ______.

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8. Potential customers can become actual customers if businesses ______.

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9. Which action helps attract new potential markets?

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10. To identify potential markets, entrepreneurs should observe ______.

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