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Questions and Answers
What is the primary focus of the module 'Applied Economics Quarter 2 Module 7 – Lesson1'?
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?
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?
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?
In what way does the module accommodate different learning situations?
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What is the expected outcome after going through the module?
What is the expected outcome after going through the module?
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