TLE-6-Mock-Test-Erin
TLE-6-Mock-Test-Erin
TLE-6-Mock-Test-Erin
4. What is one important factor that buyers consider when making a purchase?
a) The seller's reputation
b) The product's price
c) The product's quality
d) All of the above
8. What is the main goal of marketing in the buying and selling process?
a) To increase the price of the product
b) To attract buyers and create demand
c) To reduce the cost of production
d) To improve the quality of the product
10. What is the role of customer service in the buying and selling process?
a) To help sellers find new customers
b) To determine the price of the product
c) To design and produce the product
d) To provide support to buyers after they purchase a product
12. Why is it important for businesses to understand the difference between needs and wants?
a) To determine the price of their products
b) To know what types of products to offer
c) To decide how to advertise their products
d) All of the above
13. Which of the following is NOT a product that people typically NEED?
a) Food
b) Clothing
c) A car
d) Medicine
16. Why is it important for businesses to market and promote their products and services?
a) To let people know they exist
b) To convince people to buy their products
c) To build a brand image
d) All of the above
17. What is the most likely reason a customer would return to a business for more purchases?
a) The business offers low prices
b) The business has a convenient location
c) The customer is satisfied with the product or service
d) The business has a good reputation
Part 7: Application
19. Imagine you are starting a small business selling homemade cookies. How would you use the
information about needs and wants to help you succeed?
20. Give an example of a product or service that meets both a need and a want. Explain your
reasoning.