Trivia Quiz On Different Types Of Market

5 Questions | By Vabrigo1 | Updated: Mar 21, 2022 | Attempts: 309

Trivia Quiz on Different Types of Market. In the business world, a market is a place where people get to sell goods and services to their customers, and there are different types of markets basically differentiated by the types of goods sold and how prices are determined. Take up this quiz and get to see just how well you understand them.

Questions and Answers

1.

Choose the most appropriate definition for the different kinds of markets. Adidas and Volkswagen are a mass market since
- A.
  
  It sells high quality and expensive goods.
- B.
  
  They sell to large numbers of people.
2.

An export market
- A.
  
  Is a country to which goods and services from another country are sold.
- B.
  
  Is in the producer's country.
3.

Rolls Royce cars are sold in a luxury market,...
- A.
  
  They are high quality and expensive goods.
- B.
  
  They are often sold to a small but profitable market.
4.

Money market...
- A.
  
  Is the organized exchange on which participants can lend and borrow large sums of money for profit for a period of one year or less.
- B.
  
  is concerned with the lending and borrowing money among institutions on the basis of a medium or long -term credit.
5.

Selling special-interest holidays is a niche market...
- A.
  
  It is a market that sells ridiculously expensive goods.
- B.
  
  Since they are sold to a group of people with specific needs.