3.1 Business Objectives and Strategy

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5 questions
1
Draggable itemCorresponding Item
Strengths
A method for analysing a business , its resources, and its environment
SWOT Analysis
Any feature of the external environment which creates positive potential for the business to achieve its objectives.
Weaknesses
Any external development that may hinder or prevent the business from achieving its objectives
Threats
Features within the control of a business that are a source of competitive advantage
Opportunities
Features within the control of a business that are a source of competitive disadvantage
1

Give 2 things SWOT looks at in terms of strategic planning

1

Give one strength of SWOT

1

Match

  • Strengths
  • Opportunities
  • Weaknesses
  • Threats
  • Internal Audit
  • External Audit
1

What are the following:

-High market share
-Technological leadership
-High productivity
-Employee skills
-Achieving economies of scale