Day: December 25, 2022

Business Studies Multiple Choice Question – 25 December 2022

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Read statements 1 and 2 and select the correct option from the following options:

  • Statement 1: ‘Penetration pricing is more likely to be used if demand is price inelastic.’
  • Statement 2: ‘Price skimming is more likely to be used if demand is price elastic.’

Select ONE answer:

  1. Statement 1 is true. Statement 2 is true
  2. Statement 1 is true. Statement 2 is false
  3. Statement 1 is false. Statement 2 is true
  4. Statement 1 is false. Statement 2 is false

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct

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