Business Analysis Quiz

What is the primary purpose of identifying key success factors in a business?

• To develop promotional strategies

• To reduce operational costs

• To understand what is essential for business success

• To increase taxes

Which of the following best defines a Key Success Factor (KSF)?

• A minor business decision

• A government-imposed rule

• A critical element required to achieve business objectives

• A seasonal sales trend

In a SWOT analysis, what does the 'W' stand for?

• Wins

• Weaknesses

• Warranties

• Wealth

Which component of SWOT analysis would increasing market competition fall under?

• Strength

• Opportunity

• Threat

• Weakness

Which of the following is not part of Porter's Five Forces?

• Threat of new entrants

• Rivalry among competitors

• Economic inflation

• Bargaining power of buyers

What does PESTLE analysis primarily examine?

• Internal operational costs

• Political, Economic, Social, Technological, Legal, and Environmental factors

• Performance Evaluation and Sales Targets

• Packaging, Endorsements, Safety, Taxes, Logistics, and Exports

In PESTLE, the 'T' typically refers to:

• Taxes

• Time

• Technological factors

• Trade

Analyzing competitors' pricing strategy is part of which of Porter's Five Forces?

• Supplier power

• Threat of substitutes

• Bargaining power of customers

• Competitive rivalry

Which of the following is an example of an internal risk?

• A change in government regulations

• Cybersecurity breach due to poor internal controls

• A natural disaster

• Fluctuating foreign exchange rates

A company that uses cost leadership as a competitive strategy is:

• Focused on premium branding

• Trying to offer the lowest prices in the market

• Investing heavily in R&D

• Avoiding competition