QUESTION IMAGE
Question
many suppliers offer very similar products
a.
pure competition
b.
demand
c.
private enterprise
10.
the cracked pot potteryware company decided to sell its coffee mugs in the local coffee houses. what type of decision was this?
a.
price
b.
promotion
c.
place
For the first question: Pure competition is defined by a market with many suppliers offering nearly identical products. Demand refers to consumer desire for goods, while private enterprise is a system of private business ownership, so neither matches the description.
For question 10: The 4 Ps of marketing include "place", which refers to decisions about where to sell products. Choosing local coffee houses as a sales location is a place decision, not a price (cost of the product) or promotion (advertising/brand awareness) decision.
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First question: A. Pure Competition
Question 10: C. place