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Analyzing Business Markets Quiz – Practice Test 7 PDF Download

MCQ 31: The demand which is not affected by price ranges is classified as:

  1. inelastic demand
  2. elastic demand
  3. inelastic price
  4. elastic price

MCQ 32: New task buying process passes through the stages such as:

  1. awareness
  2. evaluation
  3. trial and adoption
  4. all of the above

MCQ 33: The technical personnel of the Company is classified as:

  1. initiators
  2. users
  3. influencers
  4. providers

MCQ 34: The group or individuals who decide the supplier's and product requirements are classified as:

  1. deciders
  2. selectors
  3. evaluators
  4. providers

MCQ 35: The markets in which participants directly exchange goods or services are classified as:

  1. public markets
  2. barter markets
  3. buying markets
  4. private alliances

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