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The Ultimate Portfolio Power Play: Mastering Account Strategy!

Total questions: 20

Worksheet time: 11mins

Name
Class
Date
1.

What are the two key factors in the Portfolio Analysis Matrix?

a)

Profitability & Market Share

b)

Account Attractiveness & Business Relationship Strength

c)

Revenue & Sales

d)

Customer Satisfaction & Retention

2.

What does a “Strategic Account” represent?

a)

A small account that requires little management

b)

A key client with high value & a strong relationship

c)

A new account with no past business history

d)

A client with high revenue but no long-term potential

3.

The (a)   account is a high-value client with a weak relationship.

4.

What is the main goal of managing a “Strategic Account”?

a)

Minimise time and effort spent on the client

b)

Maintain a basic business relationship

c)

Invest heavily in long-term partnerships

d)

Gradually reduce contact with the client

5.

Which account type is considered a “low-priority” account?

a)

Strategic Account

b)

Status Account

c)

Star Account

d)

Streamline Account

6.

Why do companies still manage Streamline Accounts instead of dropping them?

a)

They are sometimes necessary for cash flow

b)

They are fun to work with

c)

They bring in high profit margins

d)

They always have potential for growth

7.

What should a business do with Status Accounts?

a)

Drop them

b)

Reduce all investments in them

c)

Maintain service levels but avoid extra investment

d)

Treat them as Strategic Accounts

8.

How can a company move a Star Account into a Strategic Account?

a)

Reduce their prices drastically

b)

Invest in stronger relationships & customer loyalty

c)

Stop servicing them for a while

d)

Offer short-term contracts only

9.

What happens if a Strategic Account is neglected over time?

a)

It might downgrade to a Star or Status Account

b)

It will automatically stay loyal

c)

The client will not notice

d)

The company will make more profit

10.

Which of the following is NOT a way to improve a Business Relationship Strength?

a)

Regular communication

b)

Offering exclusive services

c)

Increasing product prices

d)

Provide custom solutions

11.

Which of these industries is most likely to rely heavily on Strategic Accounts?

a)

Luxury fashion brands

b)

Enterprise software companies

c)

Local bakeries

d)

Fast-food chains

12.

A bank has a long-term partnership with a high-net-worth client. Which quadrant do they belong in?

a)

Strategic Account

b)

Status Account

c)

Star Account

d)

Streamline Account

13.

A small supplier provides raw materials to a global tech company but has no strong relationship with them. What type of account is this?

a)

Strategic Account

b)

Status Account

c)

Star Account

d)

Streamline Account

14.

What is the biggest risk of focusing ONLY on Strategic Accounts?

a)

Losing small clients who could become big in the future

b)

High dependency on a few clients

c)

Too much revenue

d)

Overstaffing customer service

15.

What should a company do if they realise too many of their clients are Streamline Accounts?

a)

Convert some to Status or Star Accounts

b)

Drop them all immediately

c)

Ignore them and focus on Strategic Accounts

d)

Give them all premium customer service to win them

16.

A client has a high potential value but doesn’t engage much. What strategy should be used?

a)

Offer exclusive incentives to strengthen the relationship

b)

Stop working with them

c)

Lower your prices significantly

d)

Reduce all customer service

17.

Which of the following is a common mistake companies make with Portfolio Analysis?

a)

Treating all accounts equally

b)

Offering different levels of service

c)

Prioritising high-value clients

d)

Investing in customer relationships

18.

Why should businesses NOT ignore Status Accounts?

a)

They can still provide stable revenue

b)

They always become Strategic Accounts

c)

They have no competitors

d)

They require no effort to maintain

19.

Which of the following would be the most effective way to improve a Star Account?

a)

Develop trust and engagement

b)

Reduce all marketing expenditure

c)

Change the account manager frequently

d)

Offer a discount and leave it at that

20.

A company decides to allocate 80% of its resources to Strategic Accounts. What risk does this pose?

a)

Losing potential revenue from other accounts

b)

Improving overall profitability

c)

Strengthening brand image

d)

Expanding its customer base