Industry and Environmental Analysis: Business Opportunities Identification 3.1 Principles, Tools, and Techniques a. competition b. customers c. suppliers d. competitors e. substitutes 3.2 Types of Industries a. agribusiness b. manufacturing c. retail and services d. international trade (exports and imports) 3.3 identification of Business Opportunities
Quiz by Mary Joy Azuela
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26 questions
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- Q1Which of the following is a tool used for identifying business opportunities in industry and environmental analysis?Economic analysisPorter's Five ForcesSWOT analysisCustomer surveys30s
- Q2Which type of industry involves the production and sale of goods?Retail and ServicesManufacturingAgribusinessInternational Trade30s
- Q3What is the process of identifying potential areas for new business ventures called?Market researchCompetitor analysisEconomic forecastingOpportunity identification30s
- Q4Which of the following is not a principle, tool, or technique used in industry and environmental analysis for business opportunities identification?HR management analysisPESTEL analysisPorter's Five ForcesSWOT analysis30s
- Q5Which of the following is not a type of industry?Customer serviceRetailAgribusinessManufacturing30s
- Q6Which of the following is not one of Porter's Five Forces?Threat of New EntrantsBargaining Power of BuyersBargaining Power of SuppliersPolitical Forces30s
- Q7What type of analysis examines the social, technological, economic, environmental, and legal factors impacting a business?PESTEL analysisPorter's Five ForcesMarket segmentation analysisSWOT analysis30s
- Q8Which type of industry involves the production and trade of agricultural goods?International TradeRetail and ServicesAgribusinessManufacturing30s
- Q9Which of the following refers to products or services that can be used as alternatives to another?ComplementsTrademarksPatentsSubstitutes30s
- Q10Which of the following is not one of the Porter's Five Forces?Market structureRivalry among existing competitorsThreat of new entrantsBargaining power of suppliers30s
- Q11Which principle/tool/technique is used in the identification of Business Opportunities?competitorscompetitioncustomers3.1 Principles, Tools, and Techniquessuppliers30s
- Q12Which type of industry involves the production and distribution of agricultural products?agribusinessmanufacturingretail and servicesinternational trade (exports and imports)30s
- Q13In the context of business opportunities identification, what does SWOT stands for?Strengths, Weaknesses, Opportunities, ThreatsSelling, Winning, Obtaining, TrackingSales, Workforce, Organizational structure, TechnologyStrategy, Workflow, Operations, Tasks30s
- Q14Which of the following is not a factor analysed in PESTEL analysis?technologysocialeconomicpolitical30s
- Q15Which of the following involves measuring the cost of a product or service against the value it provides?Asset allocationRisk assessmentCash flowValue proposition30s