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Senior Business Topic 4 Unit 1 Flashcards | StudBud

Explore/Senior Business Topic 4 Unit 1

A creditor is

What is Porter's five forces analysis?

Senior Business Topic 4 Unit 1

10 terms·StudBud Administration·176 plays

Looks at Chapter 6 of the Business for QCE Units 3 & 4

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Questions 10

Answers

1
What is Porter's five forces analysis?
Analytical tool to determine whether to dissolve a company
Analytical tool to determine where a business is positioned competitively
A business model for businesses in decline during post maturity
Analytical tool to determine the SWOT analysis
2
A creditor is
A business that is in credit
Employees who aren't owed any money
A line of credit
a person, organisation or business that is owed money by another business
3
A merger or acquisition cannot occur unless approved by the ACCC
False
True
4
Communication strategies involve what approaches?
Public relations
All of the above
Crisis management
Media relations
5
Crisis management is when a situation arises that threatens harm to a business, its staff or its customers.
True
False
6
Repositioning strategy can include
All of the above
Acquiring another company
Merging with another company
a marketing strategy which introduces new products
7
How many businesses are involved in a merger?
One
Three
Two
No limit to the number of businesses
8
What is a succession plan?
a process for identifying and developing new managers
A planning tool used for marketing
A process to ensure business success
an analytical tool used to identify competitors
9
Effective communication strategies are strategies that communicates to who?
Stakeholders
The directors
CEO
Competitors of a business
10
Renewal of a business in post maturity means?
where a business experiences minor decline
a business declines from lack of sales
All of the above
a business transforms or repositions to ensure future success