ORG & MGT REVIEW

It is a vital tool used to identify a business's strengths, weaknesses, opportunities, and threats.

• SWOT Analysis

• PEST Analysis

• Macro-environment Analysis

Which of the following statements is true about the purpose of a SWOT analysis?

           

• To reduce opportunities available to a business. 

• o minimize the strengths of the business.

• To counteract threats to a business

What is the reason why organizations recommend to conduct a SWOT analysis at least annually?

• It is because Environmental factors are constant.    

• Because SWOT analysis gives businesses a regular and unrealistic schedule.       

• Because of the uncertain and complex nature of the different environments

Why businesses needs to conduct analysis of political, economic, socio-cultural and technological factors?

• To assess the threats that gives benefits to organization.

• To establish a more productive and complicated business.

• To determine and assess the macro environment that can impact the business.

How do tools such as SWOT and PEST analysis aid managers in conducting environmental scanning?

• PEST and SWOT analysis gives an idea on how to compete with other establishments

• PEST and SWOT analyses give essential data that can be used to assess the internal environmental factors which can affect a firm.

• PEST and SWOT analyses give essential data that can be used to assess the external and internal environmental factors which can affect a firm

The following are the factors from socio-cultural aspect, EXCEPT.

• income

• Religion

• Exchange rates

The country's unemployment rate is 70% higher than the previous year. Hence, many unemployed individuals cannot buy their needs because they lack financial resources. What specific PEST factor is this?

• Economic

• Political

• Socio-cultural

In what macro-environmental factor does K-12 Basic Education Program belong?

• Economic

• Political

• Socio-cultural

Which of the following scenarios does not show a sociocultural factor affecting a business?

• The health crisis forced many individuals to stay healthy. Because of this, many gym facilities became popular.

• The Zamboanga bombing put Zamboanga’s economy at a standstill for three weeks.

• Because of the LGBTQ movement, companies are now becoming more gender sensitive.

What will happen if the firm does not conduct SWOT and PEST analyses?

• They will be prepared for the possible changes because of the different environmental factors.

• The strategies, plans, and decisions of the organization will not be sufficient.

• The firm’s performance and overall competitive standing will not be affected.