Stratman W3

Which of the following is NOT typically considered a part of PESTEL analysis in external analysis?

• Political factors

• Economic factors

• Societal factors

• Internal company factors

Which aspect of PESTEL analysis assesses the impact of government stability, taxation policies, and trade regulations on a company's operations?

• Political

• Economic

• Social

• Technological

• Environmental

In a company's external analysis, what does the Competitive Analysis component primarily focus on?

• Internal operational efficiencies

• Economic trends

• Industry rivals and competitive forces

• Social factors

Which of the following is NOT typically considered a part of components of external analysis?

• Forecasting

• Monitoring

• Operating

• Assessing

When conducting a PESTEL analysis, why is it important to regularly update and revisit the analysis?

• To maintain consistency in internal processes.

• To avoid external factors altogether.

• To adapt to changing market conditions and regulations.

• To reduce the need for further market research.

Which of the following is NOT one of the Five Forces in Porter's Five Forces framework?

• Threat of new entrants

• Bargaining power of suppliers

• Bargaining power of employees

• Threat of substitute products or services

In Porter's Five Forces framework, what does the "Threat of Substitutes" refer to?

• The power of suppliers to switch to alternative buyers

• The potential entry of new competitors into the industry

• The availability of similar products or services from other industries

• The ability of buyers to demand lower prices from suppliers

When the Bargaining Power of Suppliers is high in Porter's Five Forces analysis, what can be expected?

• Suppliers have limited control over prices and terms.

• Suppliers have less influence on the industry.

• Buyers have more options and can negotiate better terms.

• The threat of new entrants is high.

Which of the following best describes economies of scale?

• The principle that smaller companies have a competitive advantage.

• The idea that costs per unit increase as production volume increases.

• The concept that larger production volumes lead to lower average costs.

• The theory that increasing production always results in higher profits.

In Porter's competitor analysis, which of the following is NOT one of the five competitive forces that shape an industry?

• Threat of new entrants and rivalry among existing competitors

• Bargaining power of buyers

• Bargaining power of suppliers

• Threat of economic recession