Which of the following describes a critical part of the 'marketing mix'?

AThe payment of an invoice

BThe production process

CThe promotion of a product

DThe presentation of the plan.

Answer : A

Which of the following best describes 'fiscal policy'?

AThe control of inflation

BThe control of unemployment

CThe control of taxation

DThe control of wages.

Answer : D

Which of the following best describes a 'factor market'?

AA market where money is provided to help organizations to grow

BA market where goods and services are sold to customers

CA market where labour, raw materials and capital are bought and sold

DA market where advice and consultancy services are bought and sold.

Answer : D

Which of the following best describes 'exchange rates'?

AThe value of one country??s currency measured against that of another

BThe amount of business transacted between one country and another

CThe extent of barter transactions in a particular economy

DThe speed with which a company receives payment for goods or services it has sold.

Answer : B

Which of the following statements best describes the economic term 'inflation'?

AToo much money chasing too many commodities

BToo few customers chasing too many commodities

CToo much money chasing too few commodities

DToo many customers chasing too many commodities.

Answer : D

Free Practice Questions for CIPS A6 Exam