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