Industry and Environmental Analysis:

Question 1

A large-scale business
operation and may experiment
in farming, processing and
manufacturing and or the
packaging and distribution of
products.

Answer 1

agribusiness

Question 2

Process of converting raw materials, components, or parts into finished goods that meet a customer’s expectation or specification

Answer 2

manufacturing

Question 3

The process of selling consumer goods or services to customers through
multiple channels of distribution to earn profit.

Answer 3

retail and services

Question 4

Is the exchange of capital, goods, and services across international borders
or territories, which could involve the activities of the government and
individual.

Answer 4

international trade

Question 5

The careful study of various factors influencing the business.

The process by which organization monitor their relevant environment to identify opportunities
and threats affecting the business.

Answer 5

environment analysis

Question 6

It means to understand the various environment factors which affect the business and to identify published or unpublished sources of information which affects business.

Answer 6

monitoring

Question 7

-Even when the sources required information exists. These may not be readily available.

Answer 7

searching and scanning

Question 8

Estimation of direction and intensity of change in
environment factors.

Answer 8

forecasting

Question 9

Answer to the key issue
presented by the environment and their impact on business.

Answer 9

evaluation and assessment

Question 10

is based on opinion and views of top executives

Answer 10

executive opinion method

Question 11

Business forecast is based on the opinion of outside experts,

Answer 11

expert opinion method

Question 12

Used to consolidate the different expert opinions so
as to reach a common estimate.

Answer 12

delphi method

Question 13

Forecasting is based on
certain indicators affecting business unit.

Answer 13

economic indicator analysis method

Question 14

Past events will have their impact on future.

Answer 14

past project method

Question 15

Are more scientific and estimates made through
these methods are more reliable.

Answer 15

statistics method

Question 16

Is a popular method of forecasting when it is
possible to make precise forecast of future.

Answer 16

scenario development method

Question 17

Used to generate new, innovative and unique ideas and forecast.

Answer 17

brainstorming

Question 18

what are the internal factors?

Answer 18

price, place, promotion, and product

Question 19

refers to the agricultural products and services industry involved in growing, processing, and distributing food.

Answer 19

agribusiness

Question 20

What are the 4 F’s?

Answer 20

food
fiber
forest
fuel

Question 21

What are the sectors of agribusiness?

Answer 21

agricultural input sector
agricultural production sector
manufacturing sector

Question 22

This type of manufacturing is
commonly referred to as 3D
printing.

Answer 22

additive manufacturing

Question 23

This method involves new
forms of technology to
improve the production
process.

Answer 23

advanced manufacturing

Question 24

manufacturing industry.
Companies will enter into
partnerships and business
relationships with other firms
to outsource certain
manufacturing processes.

Answer 24

contract manufacturing

Question 25

is aptly named because
each product manufactured can be specifically
identified.

Answer 25

discrete manufacturing

Question 26

This is often the case
for goods manufactured using batch process before
these standardized goods are converted to more
specific individual package.

Answer 26

mixed mode manufacturing

Question 27

entails manufacturing a product based on a specific standard that uses a recipe or
formula

Answer 27

process manufacturing

Question 28

This process is most often
used when there is a batch to process yet the batch is
different than a company’s normal product.

Answer 28

job shop manufacturing

Question 29

A potential subset of
other manufacturing processes, repetitive manufacturing often breaks long manufacturing
processes into smaller parts.

Answer 29

repetitive manufacturing

Question 30

involves selling goods directly to customers through physical/online stores and
providing them with a variety of products needed to
consume in daily life.

Answer 30

retail industry

Question 31

“retail is selling goods in units to sustain consumers’ needs”

Answer 31

Kotler

Question 32

Products sold by retailers include apparel, jewelry, housewares, small appliances,
electronics, groceries, and
pharmaceutical products.

Answer 32

product retail

Question 33

Sells motorbike shop, salons, restaurant

Answer 33

service retail

Question 34

retailing without using physical
stores (ex. vending machine, direct selling,
e-marketing)

Answer 34

non-store retailing

Question 35

refer to intangible offerings
provided to meet specific needs or requirements.

Answer 35

service industry

Question 36

what are the kinds of trading?

Answer 36

export trade
import trade
entrepot trade

Question 37

when goods manufactured in a specific country are purchased by the residents of another
country.

Answer 37

export trade

Question 38

where goods or services are brought into one country from another, where they were
originally manufactured or created.

Answer 38

import trade

Question 39

where goods are imported into a country and then re-exported out, without being distributed
within the importing country.

Answer 39

entrepot trade

Question 40

It is a process to identify all the
external and internal elements, which can affect
the organization’s performance.

Answer 40

environmental analysis

Question 41

what are the TOOLS USED IN ENVIRONMENTAL ANALYSIS?

Answer 41

pest analysis
swot analysis
porter’s five forces