APPLIED ECONOMICS
  • 1. It aims to minimize both weaknesses and threats.
A) maxi-maxi
B) mini-maxi
C) maxi-mini
D) mini-mini
  • 2. Which of the following are the internal factors of SWOT Analysis?
A) Opportunities and Threats
B) Weaknesses and Opportunities
C) Strengths and Weaknesses
D) Strengths and Threats
  • 3. This strategy aims to maximize the strengths of a company while minimizing the threats througth strengths.
A) Mini-mini
B) Maxi-mini
C) mini-maxi
D) Maxi-maxi
  • 4. Which external factors that could cause trouble for the company in the future?
A) Strengths
B) Opportunities
C) Weaknesses
D) Threats
  • 5. Which of the following are the external factors of SWOT Analysis?
A) Strengths and Threats
B) Strengths and Weaknesses
C) Weaknesses and Opportunities
D) Opportunities and Threats
  • 6. TOWS Analysis is derived from model that identifies the company’s Strengths, Weaknesses, Opportunities and Threats.
A) Porter’s Five Forces
B) TOWS Analysis
C) SWOT Analysis
D) None of the above
  • 7. Which tool is used to analyze the five competitive forces of an industry that helps determine an industry's weaknesses and strengths?
A) Porter’s Five Forces
B) SWOT Analysis
C) None of the above
D) TOWS Analysis
  • 8. Which force in Porter’s five forces examines how intense the current competition is in the marketplace?
A) Power of buyers
B) Threats of new entrants
C) Power of suppliers
D) Existing industry rivalry
  • 9. This force determined by how easy it is for your suppliers to increase their prices.
A) Threats of new entrants
B) Existing industry rivalry
C) Power of suppliers
D) Power of buyers
  • 10. This is the strength of the customers to drive down the prices.
A) Threats of new entrants
B) Power of suppliers
C) Existing industry rivalry
D) Power of buyers
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