Applied Economics

Applied Economics

By Jhosan Brillantes

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​Relearn competencies in Applied Economics

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​Objectives​

​How does Socio-economic affects business and industry?

Poll

Does studying the Socioeconomic Factors will help businesses to become successful?

• Yes

• No

Open Ended

Do you agree that there are positive impact when a business is established in a community? explain your answer.

Multiple Choice

In identifying socioeconomic factors who can be the stakeholders involved in the success of a business?

• Government

• Customers

• Community

• All of the above

Multiple Choice

If Mrs. Juliana is employed in the bank and earns 30,000.00 she would likely to purchase formal attires in a luxury boutique for her meetings. What statements best relate from the case study?

• The occupation and income greatly affects the buying power of the customers therefore buss. man needs to consider this in their product.

• The income only dictates how the customers will buy.

• It is impossible for business man to determine the socioeconomic factors affecting the business.

• Customers have unique tastes.

Fill in the Blanks

Multiple Choice

Socioeconomic Factors that refers to the current work/career of an individual that affects his buying power?

• Education

• Occupation

• Income

• None of the aboce

Open Ended

As a future entrepreneur what important concepts have you learned to you want to apply in the future?