APPLIED ECONOMICS REVIEW

High competitive rivalry is due to:

• Slow industry growth

• high exit barriers

• highly committed business owners

• all of the above

Barriers to entry include

• switching cost

• network effects

• capital requirements

• all of the above

An industry is a group according to their

When goods are produced in a foreign country but sold domestically, these are called

A new business wants to identify its profitability level in the market. What business tool should they use?

• SWOT Analysis

• PESTEL

• Porter's Five

A trade balance means that

SWOT Analysis looks into

• internal factors

• external factors

• none of the above

SWOT Analysis focuses on the ______ environment

Socioeconomic impact study requires information related to

• before the business

• after the business

• during the business

• none of the above

The following are examples of agribusiness except:

• Hog Raising

• Furniture Making

• Cattle Farming

• Poultry Raising