Money/ business and consumerism (Difficult) Quiz Home › IELTS › IELTS English Vocabulary › Money/ business and consumerism (Difficult) 📝 IELTS – English Vocabulary – Money/ business and consumerism – Difficult 20 questions · 15 min timer · Explanations included · Free 1. What is 'price elasticity of demand'? The measure of the cost of production changes The measure of how much the supply of a good changes with price The measure of how much the quantity demanded of a good responds to a change in its price The measure of consumer satisfaction with a product None Show Hint Price elasticity of demand measures how the quantity demanded changes in response to a price change. It is not about supply changes, consumer satisfaction, or production costs. 2. In business, what is a 'hostile takeover'? An acquisition without the target company's consent A joint venture between two firms A friendly merger between two companies A strategic alliance for mutual benefit None Show Hint A hostile takeover occurs when one company attempts to acquire another company against the wishes of the target company's management. It is not a friendly merger, joint venture, or strategic alliance. Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Click Submit to see your final score! Previous Start Quiz Next Time's up
