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Competition Pizza Flashcards | StudBud

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Competition Pizza

5 terms·StudBud Administration·6,756 plays

In this economics quiz, students will identify and evaluate market competition using pizza shops.

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Questions 5

Answers

1
________________ takes place when there are many buyers and sellers of similar products.
Entrepreneurship
Market
Competition
Barter
2
Which of these might help businesses compete for customers?
Advertise
Incentives
Lower prices
All of the above
3
Which of these would not be a competitor for Tom’s Ice Cream Shop?
Sprinkles and Cold Treats
Triple Scoop Ice Cream
Bob’s Waffle Cones and More
Sally's Fashions and More
4
A competitor for Doug’s Donuts would be________________.
Clyde’s Car Wash
Betty's Bakery
Harry’s Hair Salon
Doug’s Doggy Daycare
5
Competition among sellers usually
Lowers costs and prices
Has not effect
Discourages producers to produce what consumers want
Raises costs and prices