* not completed

. An environment which is increasingly complex and turbulent displays:

More orderly competition. correct incorrect

A reduced risk of product obsolescence. correct incorrect

More predictable demand. correct incorrect

Increased speed of innovation. correct incorrect

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. Which of the following is NOT a business opportunity generated by globalization? .

Access to low cost labour. correct incorrect

Cheap International transport. correct incorrect

Currency crises. correct incorrect

Less stringent regulation of the business environment. correct incorrect

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. Strategy involves which of the following:

Allocating resources to take advantage of opportunities arising from the organization's external environment. correct incorrect

Determining the long-term direction of the organization, correct incorrect

Understanding the goals of the organization correct incorrect

All of the above. correct incorrect

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. Stakeholders can best be defined as:

The network of people who come into contact with a business. correct incorrect

All the organizations that work with a business. correct incorrect

All the suppliers, customers and employees of a business. correct incorrect

Any individual, group, or organization that is affected by or can affect the activities of a business. correct incorrect

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. In stakeholder mapping one with a high level of power but low interest:

Should be kept informed. correct incorrect

Should be kept satisfied. correct incorrect

Is a key player. correct incorrect

Requires minimal effort. correct incorrect

* not completed

. An impact analysis helps firms to:

Identify the most probable opportunities and threats. correct incorrect

Assess the impact of external forces on the business. correct incorrect

Assess the ability of the business to deal with these external forces. correct incorrect

Prioritize responses to the forces of the external environment. correct incorrect

* not completed

. Exploring the strategic implications of global warming is best described as:

An external environmental analysis. correct incorrect

Scenario planning. correct incorrect

Futures forecasting. correct incorrect

A PESTLE analysis correct incorrect

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. PESTLE is an analytical tool which helps to undertake:

An internal analysis. correct incorrect

An external analysis. correct incorrect

A competitor analysis. correct incorrect

A strategic analysis. correct incorrect

* not completed

. An analysis of the external environment enables a firm to identify:

Strengths and opportunities. correct incorrect

Strengths and weaknesses. correct incorrect

Weaknesses and threats. correct incorrect

Opportunities and threats. correct incorrect

* not completed

. Raising income taxes would be included in which section(s) of a PESTLE analysis?

Social. correct incorrect

Political and Legal. correct incorrect

Economic and financial. correct incorrect

All of the above. correct incorrect