Republic of the Philippines

Department of Education
Region 02 (Cagayan Valley)
Schools Division Office of Isabela
Mallig District
300561 - MALLIG NATIONAL HIGH SCHOOL
Olango, Mallig, Isabela

Written Output #1
Applied Economics
School Year 2022-2023

Name:_________________________________ Grade/Section:______________________Score:______

Directions:
Choose the letter that you think best answers the question. Remember to answer all items. Write the correct letter
before each item.

____1. The aggregation of the different businesses engaged in the same undertaking line.
a. Industry b. General Partnership c. Porter’s five forces Analysis d. SWOT Analysis
____2. A type of partnership in which all general partners have unlimited liability and loan payments will
extend to their personal property.
a. Industry b. General Partnership c. Porter’s five forces Analysis d. SWOT Analysis
____3. Effective tool or a guide for assessing and evaluating a business organization's competitive strength
and position.
a. Industry b. General Partnership c. Porter’s five forces Analysis d. SWOT Analysis
____4. This means identifying the internal and external forces that may affect the business.
a. Industry b. General Partnership c. Porter’s five forces Analysis d. SWOT Analysis
____5. This means evaluating the possible or probable effects of external forces and conditions on the
survival and growth of the business.
a. Environmental Analysis b. Michael E. Porter c. Regulatory Environment d. Economic Forces
____6. The one who developed Porter’s Five Forces Competitive Position Analysis.
a. Environmental Analysis b. Michael E. Porter c. Regulatory Environment d. Economic Forces
____7. This means understanding the business’ position relative to other participants in the industry.
a. Environmental Analysis b. Michael E. Porter c. Industry Analysis d. Economic Forces
____8. One of the key factors in analyzing an industry which should include government laws and
regulations that apply to the business. 
a. Environmental Analysis b. Michael E. Porter c. Regulatory Environment d. Economic Forces
____9. It involves a look at the income of the people, and economic conditions such as inflation, recession,
prosperity, demand, and supply in the market.
a. Environmental Analysis b. Michael E. Porter c. Regulatory Environment d. Economic Forces
____10. It includes a look at the population size, location of the business, land distribution, climate, and
global warming situation, and whether or not the area is prone to flood or earthquake.
a. Physical Environment b. Michael E. Porter c. Regulatory Environment d. Economic Forces
____11. In Porter’s five forces model, the ‘threat of new entrants’ relates to:
a. barriers to entry b. substitutes c. switching cost d. buyer power
____12. In Porter’s five forces model, what is meant by the term ‘substitute’?
a. a substitute refers to an alternative manufacturing process
b. a substitute is a rival firm offering the same products
c. a substitute is something else consumers would rather spend their money on
d. a substitute is an alternative product or service that performs the same function for the consumer
____13. In a SWOT analysis, which two elements are part of the internal environment?
a. strengths and threats c. weaknesses and strengths
b. strength and opportunities d. weaknesses and threats 

____14. Most other soft drinks are close competitors of Coca-Cola, but Pepsi would be classified
as _________competitor.
a. direct b. indirect c. substitute d. alternative
____15. In a SWOT analysis, which among the following is an internal factor?
a. customers b. competitors c. company culture d. suppliers
____16. In a SWOT analysis, which among the following is an external factor?
a. financial resources c. market shared
b. political and regulatory environment d. patents and trade secrets
____17. A business is classified according to its size based on the worth of the business assets. Which
among the choices below is if the bis business total assets are worth below Php 1,500,001?
a. micro b. small c. medium d. large
____18. How will you classify the business if its total assets are worth Php 60,000,001 and above?
a. micro b. small c. medium d. large
_____19. The following must be considered in analyzing the industry: EXCEPT.
a. geographic area c. size and outlook of the industry
b. description of the product d. relationship with supplier
_____20. Point out what force acts as a deterrent against new competitors. This force decides how easy (or
not) it is to enter an industry.
a. bargaining power of buyers c. bargaining power of suppliers
b. barriers to entry d. industry rivalry

Prepared by:

Caesar M. Amigo
SHS Teacher

Checked by:

EUGENE P. SERVITILLO, MA-THM

Secondary School Principal II

Republic of the Philippines

Department of Education
Region 02 (Cagayan Valley)
SCHOOLS DIVISION OFFICE OF ISABELA
MALLIG DISTRICT
 300561 - MALLIG NATIONAL HIGH SCHOOL
ANSWER KEY
APPLIED ECONOMICS
WRITTEN OUTPUT #1
SY: 2022-2023
1. A 11. D
2. B 12. C
3. C 13. A
4. D 14. C
5. A 15. B
6. B 16. B
7. C 17. A
8. C 18. D
9. D 19. D
10. A 20. B

Prepared by:

Caesar M. Amigo
SHS Teacher

Checked by:

JOEL R. ANTIPOLO
SECONDARY SCHOOL PRINCIPAL III