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Strategic Management Terminology (Week one)

Which of these is described in the definition of a broad environment?

Demographic environment

Economic environment

Technological environment

All of these

Which of these does NOT belong in the description of the task environment?

Business owners

Customers

Competitors

Regulatory Agencies

Strategy formulation is the process by which an organisation chooses the most...

Appropriate course of action to make a product

Appropriate course of action to find good staff

Appropriate course of action to reduce debt

Appropriate course of action to achieve goals

Financial Resources: the money available to a business for spending in the form of...

Cash

Liquid securities

Credit lines

All of the above

Physical resources of an organisation do NOT include...

Tools

Staff

Equipment

Office chairs

Technological resources are intangibles resources. Which one does not belong?

Intellectual properties

Accumulated skills and experience

Software license

Good will

Human resources in a business do NOT include the...

Employees

Contractors

Customers

Managers

Sociocultural factors are customs, lifestyles and values that characterise a society, like...

Eduction

Language

Religion

All of the above

Choose three examples of economic forces:

Unemployment level

Inflation rate

Milk prices

Monetary policies

Which of these is NOT a Strategic Management analysis tool?

PESTLE

STEEP

SPCA

SWOT

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