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Introduction to Applied Economics 1.1 Revisiting Economics as a social science 1.2 Economics as an applied science 1.3 Basic economic problems and the Philippine socioeconomic development in the 21st century

Quiz by Mary Joy Azuela

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53 questions
Show answers
  • Q1
    What is the main focus of identification of Business Opportunities?
    identifying substitute products
    identifying potential customers and their needs
    analyzing international trade trends
    finding new suppliers for materials
    researching competitors' strategies
    30s
  • Q2
    What is Porter's Five Forces analysis used for?
    Marketing Research
    Financial Analysis
    Industry and Environmental Analysis
    Human Resources Management
    30s
  • Q3
    What is the purpose of identifying business opportunities?
    to explore potential areas for business growth and development
    to analyze international trade trends
    to identify substitute products
    to reduce competition in the market
    to increase the number of suppliers for materials
    30s
  • Q4
    What is a tool used for Industry and Environmental Analysis?
    competitor tracking
    customer segmentation
    SWOT analysis
    supply chain management
    30s
  • Q5
    What is a common tool used to identify customer needs?
    competitor analysis
    market research
    financial forecasting
    supply chain optimization
    30s
  • Q6
    Which industry does not fall under the category of Types of Industries in Industry and Environmental Analysis?
    retail and services
    agribusiness
    tourism and hospitality
    manufacturing
    30s
  • Q7
    What is the aim of SWOT analysis?
    to identify potential customers' needs
    to find new suppliers for materials
    to identify the Strengths, Weaknesses, Opportunities, and Threats of a business or project
    to analyze competitors’ strategies
    30s
  • Q8
    What is the primary focus of Industry and Environmental Analysis?
    forecasting the company's financial performance
    analyzing customer feedback on the company's products or services
    examining a company's internal environment to identify strengths and weaknesses
    examining a company's external environment to identify opportunities and threats
    30s
  • Q9
    What is the purpose of identifying substitutes during Industry and Environmental Analysis?
    to find new suppliers for materials
    to analyze competitors’ strategies
    to identify potential customers' needs
    to evaluate potential threats to the company's products or services
    30s
  • Q10
    What is the focus of industry and environmental analysis when identifying business opportunities?
    suppliers
    customers
    competition
    substitutes
    30s
  • Q11
    What is a tool used in industry and environmental analysis for identifying business opportunities?
    profit and loss statement
    income statement
    SWOT analysis
    balance sheet
    30s
  • Q12
    Which type of industry involves the cultivation of crops and raising of livestock?
    international trade
    manufacturing
    retail and services
    agribusiness
    30s
  • Q13
    What is a technique used for identifying potential business opportunities based on consumer behavior?
    market segmentation
    budget forecasting
    break-even analysis
    cost-benefit analysis
    30s
  • Q14
    What is a principle used in industry and environmental analysis for identifying business opportunities?
    understanding industry trends
    relying solely on past performance
    ignoring consumer demands
    focusing only on short-term results
    30s
  • Q15
    What is a tool used for identifying potential business opportunities by analyzing company strengths, weaknesses, opportunities, and threats?
    break-even analysis
    SWOT analysis
    market segmentation
    cost-benefit analysis
    30s

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