Which of the Following Analyzes Business Opportunities According to Market

question 34

Multiple Choice

Which of the following analyzes business opportunities according to market growth rate and market share?

• A) SWOT analysis
• B) BCG Matrix
• C) GE Matrix
• D) PEST analysis

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Definitions:

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.

Social Institutions

Established systems and structures within society that dictate certain patterns of behavior, such as family, religion, education, and government.

Network Theory

A theoretical framework that analyzes social, economic, or natural phenomena in terms of nodes and the connections between them, emphasizing the importance of relationships and interactions.

Rational Choice Theory

An economic principle that assumes individuals always make decisions that provide them with the highest level of personal utility.