Test Yourself

QUESTION 1

If one increases the price by 5% and reduces the volume by 5%, how does this affect the outcome in the example below?

100 units x SEK 1.00
Sales/Invoicing 100
Variable cost (0.50) 50
Gross profit +50
Fixed costs 45
Net profit +5

Choose an alternative

QUESTION 2:

Name the competitive means a company has at its disposal? (Marketing mix)

QUESTION 3:

How do you define economy?

QUESTION 4:

What is a profit and loss statement?

QUESTION 5:

What is the function of a leader?

QUESTION 6:

How do you define marketing?