Understanding PESTEL and VRIO Frameworks Quiz
Understanding PESTEL and VRIO Frameworks Quiz
Test your knowledge of PESTEL analysis, VRIO framework, and strategic management concepts with this engaging quiz! Whether you are a student, teacher, or just curious about strategic frameworks, this quiz will help you identify key elements and learning outcomes.
- 9 Thought-provoking questions
- Multiple choice format for easy answering
- Score-based feedback
The S in PESTEL Analysis stands for:
Scientific
Social
Strategy
Sanitise
What’s our learning outcome for today?
I'm not sure
To understand our internal environment
To understand our external environment
Both B and C
Which of the following are considered political elements of PESTEL?
GDP
Education
Changes in employment law
Taxation
Substitute is an alternative product or service that performs the similar function for the consumer
True
False
What contributes to a sustainable competitive advantage?
Resources and capabilities that pass the VRIO framework
Any resources or capabilities that generate profits for the organisation
Resources that are hard to imitate
SWOT analysis can help firms to identify the strengths and weaknesses as well as to exploit its opportunities and neutralise weaknesses of its firm
True
False
What will it be if we exclude the Organise part in the VRIO framework?
Competitive disadvantage
Competitive parity
Temporary competitive advantage
Unused competitive advantage
The VRIO framework need not to be tested in sequence (Valuable, Rare, Inimitable, Organised)
True
False
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