Analysing Business Threats and Scenarios

What does the 'T' in SWOT analysis stand for?

• Technology

• Threats

• Trends

• Targets

Which of the following is NOT a component of PESTLE analysis?

• Political

• Ethical

• Social

• Environmental

In a SWOT analysis, which category would you use to identify internal factors that could hinder a business?

• Strengths

• Weaknesses

• Opportunities

• Threats

What is the primary purpose of conducting 'what if' scenarios in business planning?

• To predict future profits

• To analyse potential impacts of different situations

• To determine employee satisfaction

• To calculate tax liabilities

Which of the following is an example of a technological factor in PESTLE analysis?

• New government regulations

• Advances in mobile technology

• Changes in consumer preferences

• Inflation rates

In a SWOT analysis, which category would you use to identify external factors that could benefit a business?

• Strengths

• Weaknesses

• Opportunities

• Threats

Which of the following is a potential threat in a SWOT analysis for a retail business?

• High customer loyalty

• Increasing competition

• Strong brand reputation

• Efficient supply chain

What does the 'L' in PESTLE analysis stand for?

• Labour

• Legal

• Logistics

• Leadership

Which of the following scenarios would be considered in a 'what if' analysis?

• What if the company increases its marketing budget?

• What if the company hires more staff?

• What if a new competitor enters the market?

• All of the above

In PESTLE analysis, which factor would consider the impact of climate change on a business?

• Political

• Social

• Environmental

• Technological

Answer explanation

In PESTLE analysis, the 'Environmental' factor addresses issues like climate change, which can significantly impact business operations, regulations, and sustainability practices.