What does SWOT stand for in business analysis?

Strengths, Weaknesses, Opportunities, Threats

Which of the following businesses would be most affected by technological factors?

A company developing AI-powered automation tools

Which of the following best describes a ‘threat’ in a SWOT analysis?

A competitor launching a similar product

Why is analysing sociocultural factors important for businesses operating in different countries?

. It allows businesses to align products and marketing with cultural values

What is the key purpose of conducting a PESTLE analysis?

To analyse the external factors impacting a business

Porter’s Five Forces Model is used to:

Determine the competitive intensity of an industry

Why is SWOT analysis useful in decision-making?

It identifies internal and external factors affecting the business

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EBE

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Questions 15

Answers

1
What does SWOT stand for in business analysis?
Strengths, Weaknesses, Opportunities, Threats
Strategies, Workforce, Operations, Tactics
Supply, Workers, Organisation, Technology
Systems, Weaknesses, Output, Time
2
Which of the following businesses would be most affected by technological factors?
A traditional farming business
A company developing AI-powered automation tools
A local grocery store
A clothing brand
3
Which of the following best describes a ‘threat’ in a SWOT analysis?
Growth in a new market
A competitor launching a similar product
A company’s strong brand reputation
Increased demand for a company’s product
4
Why is analysing sociocultural factors important for businesses operating in different countries?
. It allows businesses to align products and marketing with cultural values
It reduces competition in foreign markets
. It ensures businesses do not need to innovate
It helps businesses determine legal obligations
5
Which economic factor is most likely to impact consumer purchasing power?
Taxation policies
Social mobility
Product safety regulations
Interest rates
6
Which of the following is not a component of the PESTELE framework?
Economic
Technological
Legal
Leadership
7
What is the key purpose of conducting a PESTLE analysis?
To assess the success of marketing campaigns
To evaluate employee performance
To measure internal productivity
To analyse the external factors impacting a business
8
Which of the following is an Economic factor in PESTLE?
Inflation rates
Cultural trends
Cybersecurity threats
Employment laws
9
Which of the following is not an external factor affecting decision-making?
Market competition
Internal company policies
Technological advancements
Government regulations
10
Porter’s Five Forces Model is used to:
Improve employee productivity
Evaluate company finances
Determine the competitive intensity of an industry
Enhance internal communication
11
What does the 7th component in the extended PESTELE framework represent?
Equity
Logistics
Ethical factors
Environmental protection
12
Which external force can cause market shifts due to new industry regulations?
Product innovation
Internal management changes
Political factors
Social factors
13
The bargaining power of buyers is strongest when?
There are few alternatives for buyers
Switching costs are high
There are many alternative suppliers
There are many suppliers
14
Which type of business decision is concerned with long-term organisational direction?
Strategic decisions
Operational decisions
Routine decisions
Tactical decisions
15
Why is SWOT analysis useful in decision-making?
It predicts competitors' future strategies
It identifies internal and external factors affecting the business
It focuses only on financial performance
It helps businesses evaluate only external threats

EBE Flashcards | StudBud

EBE

15 termsStudBud Administration38 plays

Imported from external platform

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
What does SWOT stand for in business analysis?
Strengths, Weaknesses, Opportunities, Threats
Strategies, Workforce, Operations, Tactics
Supply, Workers, Organisation, Technology
Systems, Weaknesses, Output, Time
2
Which of the following businesses would be most affected by technological factors?
A traditional farming business
A company developing AI-powered automation tools
A local grocery store
A clothing brand
3
Which of the following best describes a ‘threat’ in a SWOT analysis?
Growth in a new market
A competitor launching a similar product
A company’s strong brand reputation
Increased demand for a company’s product
4
Why is analysing sociocultural factors important for businesses operating in different countries?
. It allows businesses to align products and marketing with cultural values
It reduces competition in foreign markets
. It ensures businesses do not need to innovate
It helps businesses determine legal obligations
5
Which economic factor is most likely to impact consumer purchasing power?
Taxation policies
Social mobility
Product safety regulations
Interest rates
6
Which of the following is not a component of the PESTELE framework?
Economic
Technological
Legal
Leadership
7
What is the key purpose of conducting a PESTLE analysis?
To assess the success of marketing campaigns
To evaluate employee performance
To measure internal productivity
To analyse the external factors impacting a business
8
Which of the following is an Economic factor in PESTLE?
Inflation rates
Cultural trends
Cybersecurity threats
Employment laws
9
Which of the following is not an external factor affecting decision-making?
Market competition
Internal company policies
Technological advancements
Government regulations
10
Porter’s Five Forces Model is used to:
Improve employee productivity
Evaluate company finances
Determine the competitive intensity of an industry
Enhance internal communication
11
What does the 7th component in the extended PESTELE framework represent?
Equity
Logistics
Ethical factors
Environmental protection
12
Which external force can cause market shifts due to new industry regulations?
Product innovation
Internal management changes
Political factors
Social factors
13
The bargaining power of buyers is strongest when?
There are few alternatives for buyers
Switching costs are high
There are many alternative suppliers
There are many suppliers
14
Which type of business decision is concerned with long-term organisational direction?
Strategic decisions
Operational decisions
Routine decisions
Tactical decisions
15
Why is SWOT analysis useful in decision-making?
It predicts competitors' future strategies
It identifies internal and external factors affecting the business
It focuses only on financial performance
It helps businesses evaluate only external threats