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3.1 Business Objectives and Strategy

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Last updated over 1 year ago
5 questions
1
1
Question 2
2.

Give 2 things SWOT looks at in terms of strategic planning

1
Question 3
3.

Give one strength of SWOT

1
1
Question 1
1.
Draggable itemarrow_right_altCorresponding Item
Strengths
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A method for analysing a business , its resources, and its environment
Threats
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Any feature of the external environment which creates positive potential for the business to achieve its objectives.
SWOT Analysis
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Any external development that may hinder or prevent the business from achieving its objectives
Weaknesses
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Features within the control of a business that are a source of competitive advantage
Opportunities
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Features within the control of a business that are a source of competitive disadvantage
Question 4
4.

Match

  • Strengths
  • Opportunities
  • Weaknesses
  • Threats
  • Internal Audit
  • External Audit
Question 5
5.

What are the following:

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