Business Creation and Success Quiz
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Questions and Answers

What is the primary focus of the module 'Applied Economics Quarter 2 Module 7 – Lesson1'?

  • Analyzing economic theories and models
  • Discussing principles, tools, and techniques in creating a business (correct)
  • Exploring historical trends in business development
  • Studying consumer behavior in the market

    • What is the significance of scalability in a business?

  • It limits the potential for business growth
  • It allows a company to sustain or improve its performance when sales volume increases (correct)
  • It helps in reducing the need for business expansion
  • It ensures minimal impact of economic fluctuations on the business

    • What is emphasized as a crucial factor for the effectiveness of a business?

  • The location of the business
  • The idea upon which it is built (correct)
  • The number of competitors in the market
  • The size of the initial investment

    • In what way does the module accommodate different learning situations?

    <p>By using language that recognizes diverse vocabulary levels of students</p> Signup and view all the answers

    What is the expected outcome after going through the module?

    <p>Ability to analyze business principles, tools, and techniques in making efficient business</p> Signup and view all the answers

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