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WorksheetsAPPLIED ECONOMICS REVIEW
Total questions: 12
Worksheet time: 9mins
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
(a)
When goods are produced in a foreign country but sold domestically, these are called
(a)
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
(a)
SWOT Analysis looks into
internal factors
external factors
none of the above
SWOT Analysis focuses on the (a) 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
Give an example of business under the retail/ service industry
What are the negative effects of trading?
