
Applied Econ - 4th Quarter, Quiz 1
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Fevearny Agustin
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17 questions
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1.
OPEN ENDED QUESTION
30 sec • Ungraded
First Name
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2.
OPEN ENDED QUESTION
30 sec • Ungraded
Last Name
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3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You live in a beach town known for its beautiful scenery and delicious seafood. You’ve always dreamed of starting your own business. You’re considering opening a small restaurant that serves fresh seafood dishes. What internal factor (strength) could give you an advantage over competitors?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
However, you lack experience in running a restaurant. This would be considered an internal factor for your business. What term describes this internal factor?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You notice a growing trend of tourists looking for healthier food options. This represents an external factor that could benefit your business. What term describes this external factor?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Competition from other seafood restaurants nearby could pose a threat to your business. What can you do to address this threat according to SWOT analysis?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Before finalizing your business plan, you decide to conduct a SWOT analysis. What does SWOT stand for?
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