Assessment in Applied Economics 2nd Quarter Module 7 Lesson 1
Quiz by rodel ramos rivera
Grade 12
Applied Economics
Philippines Curriculum: SHS Specialized Subjects (MELC)
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15 questions
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- Q1These are individuals/group of individuals who buy goods and services for personal and business use.CreditorsConsumerSuppliersGovernment60s
- Q2The capability of a company to produce or increase output when resources are added is called _______________________.ScalabilityProfitabilityAutonomyDurability60s
- Q3Business is a legal entity that is separate and distinct from owner.ProfitabilityAutonomyDurabilityScalability60s
- Q4Ford and Toyota sells the same products; it evident that there is a ____________ .AllianceCompetitionDistributionThreats60s
- Q5Competitive advantages can also be gained by business that seeks association or cooperation with other business:Cost LeadershipDefensive StrategyAllianceDifferentiation60s
- Q6Individual or firms who desire products and services in the market for consumption or business.GovernmentCreditorsSupplierConsumers60s
- Q7Which does not belong to the group?ColgateHead and ShouldersClose-UpHappee60s
- Q8A strategy that businesses use to distinguish themselves apart from their competitors.Defensive StrategyDifferentiationCost LeadershipAlliance60s
- Q9This method occurs when a business is able to offer the same quality product as its competitors and sell it at a lower price.AllianceDifferentiationCost LeadershipDefensive Startegy60s
- Q10The advantage gained by this type of strategy is that it allows the business to further distance itself by using defensive method.AllianceDefensive StrategyCost LeadershipDifferentiation60s
- Q11An economic activity that is engage in buying and selling of goods and services in exchange of money.BusinessCommerceScalabilityTrade60s
- Q12Business ability to use its resources to produce profit.ProfitabilityScalabilityAutonomyBig Idea60s
- Q13These are alternative goods that can easily replace by other products either perfectly or in part.SubstitutesOriginalCloneBrand60s
- Q14Printed and online promotion is needed in starting your business.Big IdeasProfitabilityScalabilityAdvertising60s
- Q15Entrepreneurs think big and make this idea into a reality for the success of their business.AutonomyProfitabilityBig IdeaScalability60s