T Level _ Session 3 - Starter Activity

What is a constraint in the context of an organisation?

• A specific pressure that promotes organisational growth.

• A specific pressure that makes it difficult for an organisation to operate freely.

• A tool used for strategic planning.

• An external factor that benefits the organisation.

What is the primary purpose of a mission statement for a business?

• To outline the organisations budget.

• To describe the organisation's location.

• To provide reasons for the organisation's existence and its overall goal.

• To list the organisation's weaknesses.

What is the typical timeframe for a vision statement in a business?

• 1-2 years.

• 3-5 years.

• 5-10+ years.

• It varies depending on the industry.

What do values in a business primarily guide?

• Financial decisions.

• Employee dress code.

• Culture, leadership, decision-making, and behaviors.

• Office location.

Which of the following is considered an internal operational aspect of a business?

• SWOT Analysis.

• Marketing.

• Accounts.

• PESTLE Analysis.

In SWOT analysis, which factors are typically considered internal?

• Strengths and Weaknesses.

• Opportunities and Threats.

• Strengths and Opportunities.

• Weaknesses and Threats.

What is an example of a business's strength?

• High levels of customer complaints.

• Difficulty retaining staff.

• A well-motivated, well-trained workforce.

• Outdated technologies.

What does a PESTLE analysis focus on?

• Internal factors.

• Employee performance.

• External factors impacting a business.

• Financial statements.

What is one of the main purposes of local and national laws and regulations applied to trading locations?

• To ensure businesses operate within legal boundaries and adhere to regulations.

• To promote competition among businesses.

• To set product prices.

• To define a business's mission and vision.

What is the impact of time zones on businesses operating internationally?

• Time zones have no impact on international businesses.

• Meetings may occur outside of normal working hours due to time zone differences.

• Time zones lead to lower international travel costs.

• Time zones help businesses save on communication expenses.