Business Tools for Strategic Analysis

What does SWOT stand for?

• Strengths, Weaknesses, Opportunities, Threats

• Sales, Workforce, Operations, Technology

• Strategies, Wins, Objectives, Targets

• Suppliers, Warehouses, Orders, Transportation

Which of the following is an internal factor in a SWOT analysis?

• Opportunities

• Threats

• Strengths

• Weaknesses

What is the purpose of Ansoff's Matrix?

• To analyze a business's products for long-term strategic planning

• To assess the attractiveness of a new industry

• To evaluate the bargaining power of suppliers

• To identify the degree of competition in an industry

Which strategy in Ansoff's Matrix involves introducing new products to existing markets?

• Market Penetration

• Product Development

• Market Development

• Diversification

What is the BCG Matrix used for?

• To compare a business's products and assess their performance

• To analyze the competitive forces in an industry

• To evaluate the risk associated with different strategies

• To assess the attractiveness of a new industry

Which of the following is a competitive force in Porter's Five Forces analysis?

• Bargaining power of suppliers

• Market growth

• Internal features of the business

• Product differentiation

What is the main purpose of Porter's Five Forces analysis?

• To better understand the competitive forces in an industry

• To assess the attractiveness of a new industry

• To analyze a business's products for long-term strategic planning

• To evaluate the risk associated with different strategies

What is the first step in conducting a SWOT analysis?

• Identifying strengths

• Analyzing external threats

• Assessing market growth

• Evaluating product differentiation

Which of the following is a core product for Jen & Berry's in the BCG Matrix scenario?

• Just the Chunks

• Cookie Dough

• Low Cal Caramel Cookie

• Cookie Dough Wich

What is the purpose of the Boston Matrix?

• To help businesses figure out their product portfolio strategy

• To analyze the competitive forces in an industry

• To evaluate the risk associated with different strategies

• To assess the attractiveness of a new industry