Economics
When price rises and quantity demanded falls, this basic relationship is being shown.
Answer: What is the law of demand?
Owning Gucci, Saint Laurent, and Balenciaga made this group one of the biggest luxury players in the world.
Answer: What is Kering?
Selling a product at a low price to attract a large number of customers is this type of strategy.
Answer: What is penetration pricing?
Owning a share of stock means owning a small piece of this.
Answer: What is a company?
This company bought YouTube in 2006.
Answer: What is Google?
If the government places a tax on imported goods, that tax is called this.
Answer: What is a tariff?
This company owns both Instagram and WhatsApp.
Answer: What is Meta?
When a company becomes known for offering the lowest cost in its industry, it is using this broad strategy.
Answer: What is cost leadership?
Money a company borrows and must repay is called this.
Answer: What is debt?
This company acquired Pixar, Marvel, and Lucasfilm.
Answer: What is Disney?
When one company can influence price because there are only a few major competitors, that market structure is called this.
Answer: What is an oligopoly?
Dove, Axe, Ben & Jerry’s, and Hellmann’s all belong to this multinational company.
Answer: What is Unilever?
Apple charging premium prices partly because of design, ecosystem, and brand image is an example of this strategy.
Answer: What is differentiation?
The amount by which revenue exceeds costs is called this.
Answer: What is profit?
Microsoft’s major cloud platform, which competes with AWS and Google Cloud, is called this.
Answer: What is Azure?
A product whose demand rises as income rises, such as luxury handbags or premium travel, is called this type of good.
Answer: What is a normal good?
This Chinese company owns Taobao, Tmall, and AliExpress.
Answer: What is Alibaba?
When a company sells products in many countries but adapts branding or offerings to each market, it is balancing global scale with this.
Answer: What is localization?
If an investor spreads money across many different stocks to reduce risk, that is called this.
Answer: What is diversification?
This streaming company began by mailing DVDs before shifting into digital streaming and originals.
Answer: What is Netflix?
When consumers keep buying a product despite higher prices because there are few substitutes, demand is said to be this.
Answer: What is inelastic?
This company, not Marriott, operates chains such as InterContinental, Holiday Inn, and Crowne Plaza.
Answer: What is IHG?
When a business intentionally sells less but at higher margins to protect brand prestige, it is pursuing this kind of strategy.
Answer: What is value over volume?
This financial metric measures how much profit a company generates from its sales, often expressed as a percentage.
Answer: What is profit margin?
Warren Buffett is the Chairman of this Company
Berkshire Hathaway