Republika ng Pilipinas

Kagawaran ng Edukasyon
Rehiyon VII, Sentral Visayas
Sangay ng Bohol

APPLIED ECONOMICS
SUMMATIVE ASSESSMENT
Second Quarter, Week 7

Name: _______________________________________ Score : ______

Grade: _____________ Section: ______

Direction: Read each item carefully and encircle the letter of your answer.

1. A group of businesses or manufacturers that produces a particular products or

services
A. Enterprise B. Industries C. Logistics D. Trade

2. Which of the following is not a component in evaluating business opportunities?

A. Financial component C. Self-analysis
B. Market research D. Situation analysis

3. It is a component in evaluating business opportunities which includes evaluation

personal own talents, desires and goals.
A. Financial component C. Self-analysis
B. Market research D. Situation analysis

4. Which of the following must be considered in the risk assessment process?

A. Competition C. Weather events
B. State of the economy D. All of the above

5. Why do we evaluate business opportunities?

A. To evaluate business potential C. To evaluate your abilities
B. To analyze the risk and benefits D. All of the above

6. Industry rivalry among companies of the same or related industry is called _______.
A. Alliance B. Competition C. Distribution D. Threats

7. The primary competition policy of the Philippines for promoting and protecting
competitive market.
A. R.A. 10551 B. R.A 10667 C. R.A. 11225 D. R.A.12446

8. An individual or business that purchases the goods or services produced by a

business.
A. Consumers B. Creditors C. Government D. Supplier

9. The following are ways to consider competition in business planning except _______.
A. Study the barriers to entry in the industry.
B. See if you have or can create a sustainable competitive edge.
C. Anticipate the consequences of your pricing strategy.
D. Reassess your plan once in a while

10. SWOT stands for?

A. Strengths, Well-being, Opportunities, Threats
B. Sudden Weaknesses, Outstanding Threats
C. Social Ways of Overcoming Threats
D. Strengths, Weaknesses, Opportunities, Threats
11. A SWOT analysis looks at?
A. The internal factors only C. Both internal and external factors
B. The external factors only D. None of the above

12. These are undesirable impacts of external factors, because they can potentially
impair the profitability of firms in an industry.
A. Strengths B. Weaknesses C. Opportunities D. Threats

13. These are internal characteristics of firms or industry that can contribute directly
to the profitability of firms and the industry.
A. Strengths B. Weaknesses C. Opportunities D. Threats

14. These are internal characteristics of firms or industry that features direct, actual,
and current discounting factor on profitability that contributes in making the industry
less attractive.
A. Strengths B. Weaknesses C. Opportunities D. Threats

15. These are positive impacts of various external environments on the profitability of
an industry.
A. Strengths B. Weaknesses C. Opportunities D. Threats