APPLIED ECONOMICS

This is just a small portion of an industry.

• A.Corporation

• A.Market

• A.Business

• A.Factory

It is a tool that evaluates the competitive position of a business

• A.Evaluation Tool

• B.SWOT Analysis

• C.Porter’s Five Forces

• D.Circular Flow of the Economy

This is generally the simplest way to set up a business

• A.Cooperative

• B.Corporation

• C.Partnership

• D.Sole Proprietorship

It is an entity that organized by the people with similar needs to provide themselves with goods and services.

• A.Cooperative

• B.Corporation

• C.Partnership

• C.Sole Proprietorship

It is an agreement in which two or more people combine their resources in a business to make profit.

• A.General Partnership

• B.Limited Partnership

• C.Partnership

• D.Sole Proprietorship

6. In what year that the SWOT Analysis created?

• A.1950

• B. 1960

• C. 1970

• D. 1980

What are the internal factors of SWOT Analysis?

• A.Strength & Threat

• B.Threat and Opportunity

• C.Strength & Weakness

• D. Weakness & Threat

What are the external factors of SWOT Analysis?

• A.Strength & Threat

• B.Threat and Opportunity

• C.Strength & Weakness

• D. Weakness & Strength

Which of the following is NOT included in five forces?

• A.Number of competitors

• B. Large enterprise

• C.Supplier power

• D. Possibility of New Entrants

Who discovered the concepts of Five Forces of Competitive Position Analysis?

• A.Michelle E. Porter

• B. Michael E. Porter

• C. Micel E. Porter

• D. Michale E. Porter