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Grade 12 Entrepreneurship Quiz

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Grade 12 Entrepreneurship Quiz

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Practical market and profit challenges

Created by

Ian Valerio
Ian Valerio
Philippines
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Grade 12 Entrepreneurship Quiz

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Grade 12 Entrepreneurship Quiz
 

Grade 12 Entrepreneurship QuizOnline version

Practical market and profit challenges

by Ian Valerio
1

Question 1: A small online shop sold goods totaling $1,600 and spent $1,150 on cost of goods, ads, and shipping. Is profit, and how much?

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Question 2: A cafe tracks weekly sales at $2,000 and expenses at $2,250. What should the owner do?

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Question 3: Which scenario best uses market research to select a target market?

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Question 4: Which is an example of a physical market segment choice?

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Question 5: In market segmentation, which is psychographic?

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Question 6: A seller adjusts product mix after learning customers prefer eco-friendly packaging. Which concept is used?

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Question 7: Which choice best increases profit while controlling expenses?

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Question 8: A business selling at a marketplace notices high demand online but low foot traffic. What segmentation action helps?

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Question 9: Which scenario demonstrates market understanding in decision-making?

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Question 10: If total income is $3,200 and total expenses are $2,850, what is the outcome?

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Profit = Total Income - Total Expenses. 1600 - 1150 = 450. A is correct.

Losses require analysis of costs vs. revenue; look for savings or revenue boosts.

Market research guides choosing the right market and product fit.

Geographic/demographic factors influence physical market placements.

Psychographic relates to lifestyle, values, and attitudes.

Understanding customer needs guides marketing decisions and product mix.

Profit grows with revenue while expenses are controlled.

Digital markets can be more effective when demand online exists.

Understanding market needs leads to better product decisions.

Profit = 3,200 - 2,850 = 350; option B is correct.

 
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