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Edexcel A Level Business Topic 3.6 Flashcards | StudBud
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Edexcel A Level Business Topic 3.6
Edexcel A Level Business Topic 3.6
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Questions
15
Answers
1
What is a key factor in managing change?
Organisational culture
Brand colours
Office design
Product name
2
What does scenario planning involve?
Identifying key risks
Ignoring potential risks
Maintaining current processes
Avoiding change
3
What does risk assessment involve?
Ignoring potential risks
Maintaining current processes
Avoiding new technology
Identifying key risks
4
What is a cause of organisational change?
Consistent leadership
Predictable cash flow
Steady market conditions
New ownership
5
What is a cause of organisational change?
Unchanged ownership
Transformational leadership
Stable market conditions
Consistent cash flow
6
What is one key risk that can be identified through risk assessment?
Altered cash flow
Increased market share
Natural disasters
Enhanced customer satisfaction
7
Which is a key factor in managing change?
Product variety
Office location
Organisational culture
Employee age
8
What is an example of risk mitigation?
Ignoring risks
Business continuity planning
Delaying decisions
Avoiding change
9
What is a possible effect of change on financial performance?
Increased market share
Enhanced customer satisfaction
Altered cash flow
Improved stakeholder relationships
10
What is an effect of change on productivity?
Increased market competition
Enhanced financial stability
Altered work processes
Improved stakeholder relationships
11
What is an example of a risk that requires scenario planning?
Natural disasters
Office relocation
New business strategy
Market research
12
What does PESTLE stand for in the context of external factors?
Performance, Efficiency, Strategy, Tactics, Leadership, Environment
Political, Economic, Social, Technological, Legal, Environmental
Profit, Expenses, Sales, Trends, Labour, Equity
People, Energy, Security, Technology, Law, Education
13
What is an example of a risk that requires scenario planning?
Stable market
Predictable cash flow
Consistent leadership
IT systems failure
14
What is a key factor in change management?
Office design
Size of organisation
Product name
Brand colours
15
What is a cause of organisational change?
No leadership
Poor business performance
Steady performance
Stable market
