DLL for Applied Economics

1. DAILY
LESSON
LOG
School TALAIRON NATIONAL HIGH SCHOOL Grade Level 12 – Gladness (ABM)
Teacher RHONA MAE P. LABADAN Learning Area Applied Economics
Teaching Dates and
Time
May 8-12, 2023 (8:35-9:25) Quarter Fourth
SESSION 1- May 8 SESSION 2- May 9 SESSION 3- May 10 SESSION 4- May 11 SESSION 5- May 12
Most Essential
Learning
Competencies
*Analyze different principles, tools, and
techniques in creating a business
(NO CODE)
Subtask: Describe the components of SWOT
Analysis
*Analyze different principles, tools, and techniques in creating a
business
(NO CODE)
Subtask: Describe the components of PEST Analysis
*Analyze different principles, tools, and techniques in creating a business
(NO CODE)
Subtask: Describe the components of Porter’s Five Forces Analysis
SKILL Describe Describe Describe
CONTENT SWOT Analysis PEST Analysis Porter’s Five Forces Analysis
CONTEXT Principles, Tools & Techniques in Creating a
Business
Principles, Tools & Techniques in Creating a Business Principles, Tools & Techniques in Creating a Business
FORMATIVE
ASSESSMENT
Describe the components of the SWOT Analysis
by looking into your own self.
Strengths Weaknesses
Opportunities Threats
Describe the following forces based on their nature and scope:
1. Political Factors
2. Economic Factors
3. Social Factors
4. Technological Factors
Describe the following forces based on their nature and scope:
1. Supplier Power
2. Buyer Power
3. Number of Competitors
4. Possibility of Substitution
5. Possibility of New Entrants
SUMMATIVE
ASSESSMENT
Describe the components of the SWOT
Analysis given the following case analysis:
The Perfectionism of Larry Wells
Larry Wells, a successful businessman and a
good negotiator had acquired a major retailer
after seeing good business potential in it.
Through his excellent managing skills and hard
work he could use all his experience of business
and start a profitable venture. When the business
grew, he employed more and more staff to keep
up with the demands at the workplace. However,
he had a strictly confidential manner of managing
the operations.
Being the manager of the company and the
owner of the business, he kept the dealings and
numbers close to his chest. His hesitation in
sharing details about the business extended to all
the managers, even directors of the company.
Despite requests from the staff to trust them with
decisions and details, he wouldn’t divulge details
which he thought only he should be privy to.
Because of the lack of autonomy among
managers of different departments, there were
many areas on which they couldn’t take timely
decisions, and had to wait for Larry to give them
his attention.
Multiple Choice Test.
Which of the following is NOT a component of the PEST analysis?
a) Political
b) Economic
c) Social
d) Technical
Answer: d) Technical
The P in PEST analysis stands for:
a) Political
b) Product
c) Price
d) Promotion
Answer: a) Political
Which component of the PEST analysis involves assessing factors
such as inflation rates, exchange rates, and economic stability?
a) Political
b) Economic
c) Social
d) Technological
Answer: b) Economic
The S in PEST analysis stands for:
a) Social
b) Strategic
c) Sales
d) Supply
Answer: a) Social
Multiple Choice Test.
1. Which of the following is the force that is influenced by the others in
Porter's five forces?
a)Rivals can react quickly if they monitor your product range
b)The external factors of a business are more important than the internal
factors
c)The degree of competitive rivalry
d)The level of government interference in business
2. What is Porter's Five Forces analysis?
A. A tool for analyzing a company's internal strengths and weaknesses
B. A tool for analyzing a company's external environment
C. A tool for analyzing a company's financial performance
D. A tool for analyzing a company's marketing strategy
3. Which of the following is NOT one of the five forces in Porter's Five Forces
analysis?
A. Bargaining power of suppliers
B. Threat of new entrants
C. Bargaining power of customers
D. Market share of competitors
4. What is the purpose of analyzing the bargaining power of suppliers in
Porter's Five Forces analysis?
A. To identify opportunities for cost reduction
B. To evaluate the threat of substitutes
C. To assess the potential for entry barriers
D. To determine the degree of competition in the industry

2. As business was expanding, this process of
working made Larry lag behind all his
competitors soon. All important decisions were
put on hold till he could spare time for it. This
method of pulling all the strings himself had
ensured high quality of output in the initial
stages, however dealing with every situation
personally was disastrous time-management.
The clients who had given more business to
Larry’s company, after being impressed by the
quality of output seen during the company’s
initial years, began looking for faster and more
efficient service-providers. Ultimately Larry’s
company was sold out to another big
organization, never realizing the full potential it
had in its initial years.
Which component of the PEST analysis focuses on demographic
trends, cultural norms, and social attitudes?
a) Political
b) Economic
c) Social
d) Technological
Answer: c) Social
The T in PEST analysis stands for:
a) Technological
b) Trend
c) Trade
d) Training
Answer: a) Technological
Which component of the PEST analysis involves assessing
government regulations, stability, and political climate?
a) Political
b) Economic
c) Social
d) Technological
Answer: a) Political
The E in PEST analysis stands for:
a) Economic
b) Environmental
c) Efficiency
d) Employment
Answer: b) Environmental
Which component of the PEST analysis involves assessing
technological advancements, innovation, and the impact of
technology on the industry?
a) Political
b) Economic
c) Social
d) Technological
Answer: d) Technological
The PEST analysis is a framework used to analyze:
a) The internal environment of a company
b) The competitive landscape of an industry
c) The macro-environmental factors affecting a business
d) The financial performance of a company
Answer: c) The macro-environmental factors affecting a business
5. What is the purpose of analyzing the threat of new entrants in Porter's
Five Forces analysis?
A. To identify opportunities for cost reduction
B. To evaluate the bargaining power of suppliers
C. To assess the potential for entry barriers
D. To determine the degree of competition in the industry
6. What is the purpose of analyzing the bargaining power of customers in
Porter's Five Forces analysis?
A. To identify opportunities for cost reduction
B. To evaluate the threat of substitutes
C. To assess the potential for entry barriers
D. To determine the degree of competition in the industry
7. What is the purpose of analyzing the threat of substitutes in Porter's Five
Forces analysis?
A. To identify opportunities for cost reduction
B. To evaluate the bargaining power of customers
C. To assess the potential for entry barriers
D. To determine the degree of competition in the industry
8. Which of the following is an example of a potential entry barrier that could
be analyzed in Porter's Five Forces analysis?
A. The availability of substitute products or services
B. The bargaining power of suppliers
C. The bargaining power of customers
D. The need for specialized knowledge or expertise
9. Which of the following is an example of a factor that could increase the
bargaining power of customers in Porter's Five Forces analysis?
A. A large number of customers in the industry
B. The availability of substitute products or services
C. The importance of the customer's business to the supplier
D. A lack of differentiation among customers
10. How can Porter's Five Forces analysis be applied in a practical sense?
A. To identify opportunities for cost reduction
B. To develop a marketing strategy
C. To evaluate the potential for a new product or service
D. To make strategic decisions about entering or exiting an industry
Noted:
RICHARD S. MASONG
Head Teacher I