1. The curve that shows the relationship between different prices and the quantity requested at each price is the ________ curve.

A. demand

B. buying

C. supply

D. equilibrium

 

 

2. The method of determining the minimum sales volume needed at a certain price level to cover all costs is

A. breakeven analysis.

B. equilibrium pricing.

C. market share analysis.

D. return on sales.

 

 

3. Student A says that if you're going to prepare alternative course of action, you need to do strategic planning. Student B says that if you're going to prepare alternative courses of action, you need to do contingency planning. Which student is correct?

A. Student A only

B. Student B only

C. Both

D. Neither

 

 

4. Price auctions on eBay are an example of

A. e-business.

B. communication.

C. entertainment.

 

D. information. 

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