The Ansoff matrix suggests four possible methods of growth. Which one is not?

Product portfolio growth strategy

Specific Measurable Achievable Realistic Time-specific.

Protectionist measures taken by a government to safeguard its local businesses.

A threat for MNCs seeking to move to these countries.

What factors do the 3 Es in STEEPLE represent?

Ethics, Environmental, Economics

Which of the factors is an economic factor in STEEPLE analysis?

Inflation causing rise in general level of prices

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1.3 Business Objectives Revision

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1.3 Business Objectives

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Questions 15

Answers

1
An organisation's long-term aspiration is its
tactics.
objectives.
mission statement.
vision statement.
2
Businesses do not always consider acting in an ethical way. Why?
Altruistic CSR attitude.
Ethical objectives do not conflict with profit objectives.
Compliance costs are high.
Ethics is important to the firm.
3
Which of the following is considered as a Strength in a SWOT analysis?
Government deregulation
A broad product portfolio
Product recall by health authority
Competitor's liquidation
4
The Ansoff matrix suggests four possible methods of growth. Which one is not?
Market development growth strategy
Product portfolio growth strategy
Market penetration growth strategy
Diversification growth strategy
5
SMART objectives are
Smart Manager's Altruistic Revolving Targets.
Smart Manager's Astronomical Reality Timezone.
Smart Manager's Artistic Real Targets.
Specific Measurable Achievable Realistic Time-specific.
6
Protectionist measures taken by a government to safeguard its local businesses.
A weakness for MNCs seeking to move to these countries.
A strength for MNCs seeking to move to these countries.
A threat for MNCs seeking to move to these countries.
An opportunity for MNCs seeking to move to these countries.
7
If the exchange rate of the pound (£) changes from £1: $1.6 to £1:$1.8, then the currency pound has
strengthened
weakened
remained the same
none of the above
8
What factors do the 3 Es in STEEPLE represent?
Ethics, Egoistic, Economics
Ethics, Environmental, Economics
Ethics, Egoistic, Elemental
Elemental, Environmental, Economics
9
Which is the odd one out?
strategic objective
corporate objective
aim
tactical objective
10
This tool assesses the current situation of an organisation using internal and external factors
SWOT
Ansoff Matrix
STEEPLE
Vision & Mission
11
Investors buy shares in companies to benefit directly from an increase in
interest rate.
customer loyalty.
loan payments.
shareholder value.
12
Which of the factors is an economic factor in STEEPLE analysis?
Deregulation
Inflation causing rise in general level of prices
Environmental conservation
Development of artificial intelligence
13
Which is the odd one out?
Environmental & Technological
Social & Ethical
Political & Economic
Strength & Weakness
14
Objectives of public sector organizations are least likely to include
To provide a service to the community
To cover its costs
To maximise profitability
To ensure affordability to all
15
Which is the report on a firm's performance for CSR record?
Certificate of incorporation
Financial audit
Social audit
Audited annual reports

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