Revision Class

Which of the following is not part of Porter's 5 forces

• Bargaining power of suppliers

• Bargaining power of sellers

• Threat of new entrants

• Threat of substitute products or services

The focuses on the internal manufacturing capabilities of the organisation rather than on the needs or wants of consumers

Involves organisations identifying the consumer's needs and wants and then altering their products or services in order to meet those needs and wants.

Which of the following is not part of Maslow's hierarchy of needs?

• Self-actualisation

• Esteem Needs

• Psychological Needs

• Safety Needs

The is made up of factors that are close to the company and that have an impact on the company's ability to satisfy the customers' known and unknown needs and wants

Which of the following is not part of the micro-environment?

• Employees

• Competitors

• Suppliers

• Consumers

S in SWOT stands for

• Success

• Strength

• Social

• Strong

SWOT stands for

• Success, Worries, Opportunities, Threats

• Strengths, Weaknesses, Opportunists, Technologies

• Strengths, Weaknesses, Opportunities, Threats

• Strengths, Weaknesses, Organisations, Technologies

How many types of industry structures are there in the competitive environment?

• 3

• 4

• 5

• 6

Which of the following is part of the competitive environment

• The monopoly situation

• The monopolistic environment

• The pure consumer situation

• The oligopolistic situation