Business Studies Multiple Choice Question – 27 November 2017

The size of a market is best measured by?

Select ONE answer:

1. The number of firms
2. The number of employees
3. The cash-flow
4. The volume of sales
5. The number of surveys

Give an example of (a) a growing and (b) a declining market for consumer electronics products:
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This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 4 – how to determine the size of a market? Define your target customer; Estimate the number of target customers; Determine your penetration rate; Calculate the potential market size: Volume and value; Apply the market-size data….

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