COMPETITIVE ENVIRONMENT
Quiz
•
Professional Development
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Professional Development
•
Practice Problem
•
Hard
Aiza Reynido
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A competitive environment is a system where different businesses compete with each other by using various marketing channels, promotional strategies, pricing methods, etc.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Direct competitors and undirect competitors are the two main types of competitors.
TRUE
FALSE
Answer explanation
Indirect competitors
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
There are two types of competitive environment.
TRUE
FALSE
Answer explanation
4 types of competitive environment
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An economic structure in which numerous sellers offer identical products to a large pool of customers is called perfect competition.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Monopolistic competition is the most common competitive environment type.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
SWOT analysis is one of the most popular methods of business environment analysis.
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Corporate governance is a collaboration of different mechanisms and processes that are used by various people running a corporation in order to set a pattern in which the way their corporation works.
TRUE
FALSE
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