
J Group Mega Quiz
Quiz
•
Business
•
4th - 12th Grade
•
Practice Problem
•
Hard
Sameer Abdal Malik
Used 2+ times
FREE Resource
Enhance your content in a minute
21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a framework or a guide for assessing and evaluating the competitive strength and position of a business organization.
SWOT Analysis
Environmental Scanning
Porter’s Five Forces Analysis
Marketing Research
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Porter's Five Forces, the 'threat of new entrants' relates to:
Barriers to entry
Substitutes
Switching costs
Buyer power
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buyer power is high if:
Differentiation is low
Switching costs are low
They have little information
The buyer requires a high quality product for their own production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A substitute product or service is:
A competitor's product or service
An alternative way of meeting the same need
A new entrant into the industry
A less attractive way of meeting the same need
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Potential entry of new competitors increases when
the market has significant economies of scale.
low initial capital investment is required.
there are strong government regulations.
brand names are well-known.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these might be considered a substitute for digital cameras?
Social media apps
Online news channels
Digital televisions
Smartphones
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Differentiation strategy is best described as one in which firms seek a competitive advantage:
through establishing their uniqueness
through having a lower cost than their competitors
through concentrating on a narrow market segment
through achieving a match between their internal and external environments
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