Lack of sustainable materials in their products

Moving into offering high-protein products aimed at fitness fanatics

If a company realized consumer spending is likely to go down due to cost of living crisis which of these would be the most suitable response?

Expanding their product portfolio

Reminding customers of their product with more adverts

If a company considered its weakness was high prices but couldn't change it due to cost of production, what is the most sensible response?

Change marketing strategy so customers consider your product luxury and a must-have

Lower prices anyway, accept that you are going to not make a profit

Don't change it and hope customers don't notice

Expand locations so that eventually you find customers who pay high prices

If a company identifies a new market trend that aligns with its product, what is the best course of action?

Adapt products to fit the trend

Ignore the trend and continue with current strategy

Reduce production to save costs

Focus on existing customer base only

How should a company respond if a competitor launches a similar product at a lower price?

Highlight the unique features of their product

Lower their own prices immediately

Ignore the competitor's actions

What is the best strategy for a company facing increased competition in the market?

Enhance customer loyalty programs

Discontinue less popular products

Reduce product quality to cut costs

If a company wants to leverage its strong brand reputation, what should it focus on?

Improving supply chain efficiency

How should a company respond if it identifies a potential threat from new regulations?

Adapt business practices to comply

Ignore the regulations and continue as usual

Relocate operations to a different region

What should a company do if it wants to capitalize on a new technological advancement in its industry?

Invest in research and development to integrate the technology

Reduce investment in technology to save costs

Ignore the advancement and focus on current technologies

Wait for competitors to adopt it first

If a company is facing a decline in customer satisfaction, what is the most effective strategy to address this issue?

Enhance customer feedback mechanisms

Focus solely on acquiring new customers

Reduce the workforce to cut costs

Increase product prices to cover potential losses

How should a company respond if it identifies a new opportunity in a rapidly growing market segment?

Quickly develop a strategy to enter the market

Ignore the opportunity and maintain current operations

Focus on existing market segments only

Wait for the market to stabilize before entering

How can a company effectively respond to a sudden change in consumer preferences?

Conduct market research to understand new preferences

Focus on reducing production costs

Ignore the change and continue with existing products

SWOT AND PESTLE

Authored by Dominic Calvert

Business

11th Grade

Used 4+ times

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unit are you studying today?

Exploring Business

Personal and Business Finance

Digital Marketing

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you get assessed in this unit?

Coursework

Exams

FILL IN THE BLANK QUESTION

1 min • 1 pt

What does S stand for?

FILL IN THE BLANK QUESTION

1 min • 1 pt

WHAT DOES W STAND FOR?

FILL IN THE BLANK QUESTION

1 min • 1 pt

WHAT DOES O STAND FOR?

FILL IN THE BLANK QUESTION

1 min • 1 pt

WHAT DOES T STAND FOR

MATCH QUESTION

1 min • 1 pt

Match the following

COMPANY DO WELL, RIGHT NOW

THREAT

FUTURE ACTION THAT BENEFITS COMPANY

OPPORTUNITY

COMPANY DON'T DO WELL, RIGHT NOW

STRENGTH

FUTURE THING THAT WOULD DAMAGE COMPANY

WEAKNESS

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SWOT AND PESTLE

What unit are you studying today?

How do you get assessed in this unit?

What does S stand for?

WHAT DOES W STAND FOR?

WHAT DOES O STAND FOR?

WHAT DOES T STAND FOR

Match the following

The company can find a new target market

The company lacks a USP currently

The company has affordable prices right now

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