APPLIED ECONOMICS

Online Quiz # 3

NAME: ____________________________________ DATE SUBMITTED: ______________________

SCHEDULE: _ TF 7:30 – 9:00____________ COURSE/YEAR: _________________________

DIRECTIONS:
1. Submit your output via my email address: June.manalastas@gmail.com. PLEASE DO NOT
FORGET TO write the SUBJECT: Applied Economics Online Quiz # 3
2. For those who cannot use a computer/laptop, write your answers on a clean sheet of paper and
you can send a clear photo of your output via my messenger (Not via our GC!)
a. Write CLEARLY and LEGIBLY, otherwise your submission will be invalidated.
b. Write your name and schedule of class (i.e.: TF 7:30-9:00)
3. Deadline: April 3, 2020

THE MARKET FOR ON-LINE EDUCATION

NOTE: Review Porter’s 5 Forces
DIRECTION: Match from the following eight points in relation to the Porter’s five forces model
(Reference: Porter’s 5 Forces Model lesson). Write your answer on the space provided beside the 8
points or write the answers below.

1 Start-up costs are very low. A Potential entry of new competitors

2 Students have access to books, videos, B The bargaining power of buyers
and paper-based distance learning packs.
3 The more innovative learning sites give C The bargaining power of suppliers
lesson for free just for the love of it.
4 More people with access to the web every second. D The threat of substitutes
5 Companies, governments, and self-funding E Competitive Rivalry
students invest huge amounts in their education.
6 There are very few high-quality web sites available.
7 Traditional colleges and universities are adapting
their products for on-line learning.
8 Government legislation in the US and Europe
encourages on-line learning.

ANSWER:
1.
2.
3.
4.
5.
6.
7.
8.

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