APPLIED ECONOMICS REVIEW
Quiz
•
Business, Education
•
11th - 12th Grade
•
Practice Problem
•
Hard
Mary Calma
Used 20+ times
FREE Resource
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12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
High competitive rivalry is due to:
Slow industry growth
high exit barriers
highly committed business owners
all of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Barriers to entry include
switching cost
network effects
capital requirements
all of the above
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
An industry is a group according to their
4.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
When goods are produced in a foreign country but sold domestically, these are called
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A new business wants to identify its profitability level in the market. What business tool should they use?
SWOT Analysis
PESTEL
Porter's Five
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A trade balance means that
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
SWOT Analysis looks into
internal factors
external factors
none of the above
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