How many forces does Porter consider ?

• 2

• 3

• 4

• 5

Porter's generic strategies : Cost leadership or :

• depersonalisation

• decentralisation

• differentiation

• defibrillation

Which one of the following has Cost leadership ?

• 
• 
• 
• 

Interest rates (set by the Bank of England) are :

• Political influences

• Economic influences

• Social influences

• Technological influences

£1 = 1.2 Euros in October, In November the £ appreciates to :

• £1 = 1.1 Euros

• £1 = 1.5 Euros

• £1 = 1 Euro

• £1 = 0.95 Euros

If the UK £ appreciates :

• imports cost more

• imports cost less

• imports cost the same

• UK exports cost less in overseas shops

Government taxation and spending =

• Monetary policy

• Protectionism

• Fiscal policy

Image relates to :

• Economic boom

• Economic slump

• Economic recession

• Economic recovery

A tariff on imports =

• a limit on the amount

• a tax on imports

• a product quality standard rule

• a reduction in price to consumer

This trade bloc contains mostly

• European countries

• Western countries

• Asian countries

• American countries