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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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