Quiz

Quiz: Dynamic Markets and Why They Change

Edexcel Level 3 Advanced GCE in Business (9BS0)

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Steps in this lesson (11)

1
Text

Building on what you've learned about mass and niche markets, let's test your knowledge of dynamic markets and how they change!

2
Multiple ChoiceInteractive

Which of the following is an example of a dynamic market?

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3
Multi-SelectInteractive

Which factors can cause markets to change? (Select all that apply)

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4
Fill in the BlankInteractive

Dynamic markets are characterised by {{blank0}} demand and {{blank1}} competition.

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5
MatchingInteractive

Match the items on the left with their correct pairs on the right

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6
Math EquationInteractive

If a company invests £2,000 in adapting to market changes and expects £6,000 in revenue, what is their potential profit?

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7
typedAnswer

Match the items on the left with their correct pairs on the right

8
Multiple ChoiceInteractive

Which of the following is a potential challenge for businesses in dynamic markets?

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9
Multi-SelectInteractive

Which of the following are examples of adapting to dynamic markets? (Select all that apply)

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10
Fill in the BlankInteractive

Online retailing is an example of how dynamic markets change due to {{blank0}} advancements and {{blank1}} behaviour.

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11
MatchingInteractive

Match the items on the left with their correct pairs on the right

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