Recognize Potential Market #2
Quiz by Nelia Nicolas
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- Q1
What variable of societal environment includes income level and employment rate?
Political forces
Sociocultural forces
Economic forces
Technological forces
30s - Q2
Which are the factors of the substitute product that pose a great threat in the industry environment?
A. Preferences and tastes of the customers easily change.
B. The buyer has the potential for backward integration.
C. The cost of switching suppliers is minimal.
supplier
D. Product differentiation is highly noticeable.
B and C
A and C
A and D
A, B, C, D
30s - Q3
Which are the factors that influence the buyer to feel fewer threats because of the bargaining power?
A. Preferences and tastes of the customers easily change.
B. The buyer has the potential for backward integration.
supplier
C. The cost of switching suppliers is minimal.
D. Product differentiation is highly noticeable.
B and C
A and C
A and D
A only
30s - Q4
Which of the following good sources of entrepreneurial ideas determine the interest, hobbies and preferences of people?
Technological discovery
People’s interest
Past experiences
Changes in the environment
30s - Q5
What entrepreneurial idea will you recognize, if you consider the new discovery and advancement of technology as source of opportunity?
Technological discovery and advancement
Changes in the environment
Government’s thrust, programs, and policies
People’s interest
30s