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 12
A company wants to launch a new energy drink. What market assessment steps should it follow before launching?
Describe the role of competition analysis in market assessment.
Explain the difference between market potential and market demand.
Explain the importance of understanding customer needs in market assessment.
Explain the term 'market share' in the context of market assessment.
A business finds that the total market demand for its product is 20,000 units per year, and it sells 4,000 units. What is its market share percentage?
A company estimates that there are 10,000 potential customers for its product in a city. If the average purchase per customer is Rs. 500, what is the estimated market size?
A company wants to launch a new energy drink. What market assessment steps should it follow before launching?
Which of the following best describes market segmentation? (1) Dividing the market based on product features, (2) Dividing the market into distinct groups of buyers, (3) Dividing the market by price, (4) Dividing the market by location only
Which of the following is a factor considered in psychographic segmentation? (1) Age, (2) Gender, (3) Lifestyle, (4) Income
Which of the following is a limitation of market assessment? (1) It is time-consuming, (2) It guarantees success, (3) It is always accurate, (4) It is unnecessary for established businesses
Which of the following is a primary source of market information? (1) Government reports, (2) Surveys, (3) Trade journals, (4) Newspapers
Fill in the blank: ________ analysis helps in understanding the external environment affecting the market.
Fill in the blank: ________ analysis involves studying the strengths, weaknesses, opportunities, and threats in a market.
Fill in the blank: ________ is the process of evaluating the attractiveness and dynamics of a special market within a special industry.
Fill in the blank: ________ is the process of gathering, analyzing, and interpreting information about a market.
State whether the following statement is true or false: Market assessment can help in identifying potential threats to a business.
State whether the following statement is true or false: Market assessment is only required before starting a business.
True or False: Market assessment can help in determining the right pricing strategy for a product.
True or False: Market assessment can help in identifying new business opportunities.
