BTEC SPORT UNIT 22 - LOb

The components for SWOT analysis stand for:

• Strengths, Weaknesses, Opportunities, Threats

• Sales, Weaknesses, Opportunities, Traits

• Strengths, Wages, Outcome, Threats

• Scope, Worldwide, Opportunities, Traits

The components of PESTLE are:

• Political, Economic, Social, Technology, Legal, Environmental

• Political, Equality, Socio-economic, Technology, Legal, Environmental

• Profit, Economic, Social, Technology, Legislation, Environmental

• Political, Economic, Social, Technology, Legislation, Environmental

T in SWOT stands for:

(a)  

S in SWOT stands for:

(a)  

O in SWOT stands for:

(a)  

W in SWOT stands for:

(a)  

How many business models do you need to understand for the exam?

• 1

• 2

• 3

• 5

From the following, select the correct reasons for why business models are used:

• Customer bases

• Products to sell

• Sources of revenue

• Good financial management

From the following select the strengths of an exemplar new business:

• Expertise in their field

• High start up costs

• Low prices

• Lack of funding

From the following select the 'opportunities' of an exemplar new business:

• Expertise in their field

• Untapped market

• Low prices

• Fast growth