APPLIED ECONOMICS REV.
-KNOWING WHERE TO GET INFORMATION FROM
1.SO strategies in TOWS Matrix quadrant cell suggests
that SWOT records resultants match_____
-INTERNAL STRENGTHS WITH EXTERNAL
OPPORTUNITIES
2.WO strategies in TOWS Matrix quadrant cell suggests
that SWOT records resultants match_____
-INTERNAL WEAKNESSES WITH INTERNAL
OPPORTUNITIES
3.ST strategies in TOWS Matrix quadrant cell suggests
that SWOT records resultants match_____
-INTERNAL STRENGTHS WITH EXTERNAL THREATS
4.What technique, tool, and principle in creating business
is analysis that describes a framework of macro
environmental factors used in the environmental scanning
component of strategic management?
-PEST ANALYSIS
5.What technique, tool, and principle in creating business
is a framework used to evaluate a company’s competitive
position and develop strategic planning?
-SWOT ANALYSIS
6.What strategy uses internal strengths to take advantage
of external opportunities and used to position where
internal strengths can be used to take advantage of
external trends and events?
-SO STRATEGIES
7.What strategy aims of improving internal weaknesses by
taking advantage of external opportunities?
-WO STRATEGIES
8.What socio-economic factors is considered as social-
cultural system of designated behavior and practices,
morals, worldviews, texts, sanctified places, prophecies,
ethics, or organizations, that relates humanity to
supernatural, transcendental, or spiritual elements?
-RELIGION
9.What socio-economic factor is described as the principal
business of one’s life as long as a person lives?
-OCCUPATION
10.What socio-economic factor refers to the socially
constructed characteristics such as norms roles and
relationships of and between groups that is varied from
society to society and can be changed?
-SEX AND GENDER
11.A contemporary issue that leads to low productivity,
delay, and inadequacy of service____
-traffic
12.A contemporary issue that leads to irreversible effects in
the long run and causes global concern____
-DEFORESTATION
13.A contemporary issue that leads to long term losses of
company assets___
-SQUATER
14.Which of the following statements suggest STRENGTH
in a SWOT analysis?
-THERE ARE ORGANIZATIONS THAT EXCELS AT AND
WHAT SEPARATES IT FROM THE COMPETITION,
COMPANIES MUST DECIDE HOW TO USE THOSE
RESULTS TO ATTRACT NEW INVESTORS
15.Which of the following statements suggest
OPPORTUNITY in a SWOT analysis?
-THERE ARE FACTORS THAT HAVE COMPETITIVE
ADVANTAGE
16.Which of the following statements suggest THREATS in
a SWOT analysis?
-THERE ARE FACTORS THAT HAVE THE POTENTIAL
TO HARM AN ORGANIZATION
17.Which of the following statements BEST describe
“RELIGION”? Religion is_____
-A SOCIO-CULTURAL SYSTEM AS TO BEHAVIOR,
PRACTICE MORALS AND ETHICS THAT RELATE
HUMANITY TO SUPERNATURAL, TRANSCENDENTAL,
OR SPIRITUAL ELEMENTS
18.Which of the following statements is BEST describe
AVERAGE ASIZE OF FAMILY? It measures to represent
the number of____
-REGISTERED INDIVIDUALS COMPRISING A FAMILY
UNIT
19.Which of the following statement does NOT explain
OCCUPATION or EMPLOYMENT as one of the socio-
economic factors affecting industry?
HOW TO KNOW IF IT IS RELIABLE AND THEN
INTERPRETING THIS INFORMATION TO MAKE GOOD
DECISIONS
20.Which of the following statements does NOT suggest
EDUCATION as one of the socio-economic factors
affecting industry?
-A HIGH-LEVEL EXECUTIVE WHO WORKS LONG
HOURS AND SITS AT A DESK ALL DAY IS LESS
LIKELY TO DO PHYSICAL ACTIVITY, IS MORE LIKELY
TO BE STRESSED AND HAVE A POOR SOCIAL LIFE
21.Which of the following statement does NOT explicate
INCOME as one of the socio-economic factors affecting
industry?
-QUALITY WORK IS TO THE OLD WHILE QUALITY
WORK IS TO THE YOUNG.
22.Shampoo sachet can be bought at sari-sari store_____
-RETAIL
23.TELSTAR company will launch 1st quarter of the year
2020 to provide better internet system in the Philippines__
-TECHNOLOGY
24.High rise buildings, condominiums, lrt stations etc
construction in quezon city_____
-REAL STATE
25.Affordable fashionable RTW clothes for men and
women in Taytay____
-RETAIL
26.Advisory from the Department of Agriculture declares
that african swine FLU is present in the Philippines that
release the ban on entry on all pigs, pork and pork
products coming from Rizal province, Bulacan and
Pampangga,_____
-AGRICULTURE
27.Mushrooming of food carts in the metro providing
innovative food products in the market at lesser price_____
-RETAIL
28.This is a critical factor in having a viable business.
Being unique keeps your business out in front of the
competitions. What is the evident that client’s business has
unique selling proposition (USP)?
-CREATING FARM THEMES
29.Based on the given situation above, for a business to be
viable, stable customer means researching to find out who
these people are. How was this should have been done in
the situation?
-FINDING A NICHE IN THE MARKET AND IDENTIFY
THE DEMOGRAPHICS OF THE CUSTOMER FOR THE
PRODUCT
30.In every business, one of the first components of
business to be viable is the consideration in competition. It
is inevitable thus, to have a product (good or service) that
is rare in the market is imperative. How was competitive
advantage supposed to be realized in the situation?
-HAVE UNIQUE PRODUCT (GOOD OR SERVICE)
31.The most important factor that makes a business viable
is that it has enough assets (cash and other reserve funds)
for day-to-day operations and to weather the ups and
downs that a businesses experience. How could cash
stability be ensured in the situation?
-COMPANIES SHOULD PROPERLY BUDGET AND
FORECAST THEIR COST
32.Based on the above business situation, every MSME
impacts the business industry, in what way?
-ALL OF THE ABOVE
33.In doing business an entrepreneur should study the
viability of its business. In the given business example, a
business idea such as that should be studied to ensure
that the business is financially worth starting. What are the
questions to asked to start analyzing the viability of a
business?
-WHATIS THE COST TO PRODUCE THE PRODUCTS
AND SERVICES I WILL BE SELLING?
34.Based on question#33, what are the parameters client I
should consider ensuring that his business is viable to start
with?
-PRICE AND COST
35.Client #1 business venture a risk. What should client #1
do to lessen the impact of the risk since his studies should
be a priority?
-DO NOT INVEST MUCH MONEY ON THE BUSINES.