Market Assessment
Commerce ⇒ Entrepreneurship
Market Assessment starts at 11 and continues till grade 12.
QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Market Assessment.
How you perform is determined by your score and the time you take.
When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.
See sample questions for grade 11
A new entrepreneur wants to launch a mobile app for online grocery delivery in a city. What market assessment steps should they follow?
Describe any one method used to estimate market size.
Explain the importance of market assessment for a new entrepreneur.
Explain the role of customer feedback in market assessment.
Explain the term 'market share'.
A business wants to know the age group that buys its products the most. Which market assessment technique should it use? (1) Demographic analysis, (2) SWOT analysis, (3) Financial analysis, (4) Technical analysis
A company estimates that there are 10,000 potential customers in a city, and expects to capture 5% of the market. What is the expected number of customers?
A new entrepreneur wants to launch a mobile app for online grocery delivery in a city. What market assessment steps should they follow?
A business wants to know the age group that buys its products the most. Which market assessment technique should it use? (1) Demographic analysis, (2) SWOT analysis, (3) Financial analysis, (4) Technical analysis
Which of the following best describes a target market? (1) The entire population, (2) A specific group of potential customers, (3) All businesses in an area, (4) All government agencies
Which of the following is a limitation of market assessment? (1) Provides accurate predictions, (2) Can be time-consuming, (3) Guarantees business success, (4) Eliminates all risks
Which of the following is a method of primary market research? (1) Internet search, (2) Government reports, (3) Customer surveys, (4) Industry publications
Fill in the blank: ________ analysis helps in understanding the strengths, weaknesses, opportunities, and threats related to a business.
Fill in the blank: ________ is the process of collecting and analyzing information about the market to make business decisions.
Fill in the blank: ________ is the process of dividing a market into smaller segments with distinct needs or behaviors.
Fill in the blank: ________ refers to the process of gathering information from existing sources such as reports, publications, and databases.
True or False: Market assessment can help in identifying gaps in the market.
True or False: Market assessment can help in identifying new business opportunities.
True or False: Market assessment is a one-time activity for a business.
True or False: Market assessment is only necessary before starting a business, not after.
