Business Analysis Quiz

A vision statement expresses an organisation's optimal goal and reason for existence.

• True

• False

Which tool is commonly used by businesses in Romania, Bulgaria, and the UK for analysing the external environment?

• PESTLE

• SWOT

• PESTLE / PORTER'S FIVE FORCES

• All of the above

Which one best describes a hierarchical structure in companies across Romania, Bulgaria, and the UK?

• Multiple layers and a longer chain of command

• A small number of employees and all report to one overall manager

• Has no management layers

• Has no chain of command

Competitive advantage for businesses in Romania, Bulgaria, and the UK means...

• The ability to outperform its rivals.

• The ability to exist constantly.

• The ability to coexist together.

• The ability of a corporation to earn profit.

Which business sector in Romania, Bulgaria, and the UK provides information and ICT, software development, and data processing?

• Secondary

• Tertiary

• Quaternary

• Profit

General market examples related to companies like Apple and Tesco: Which tool is used for analysing the external environment?

• PESTLE

• SWOT

• PESTLE / PORTER'S FIVE FORCES

• All of the above

What is a tertiary business?

• Provides supporting services to distribute goods.

• Provides communication and infrastructure.

• Sources raw materials.

• Processes raw materials to make goods.

What model examines the competitor environment?

• SWOT

• PESTLE

• PORTER'S FIVE FORCES

• All of the above

KPI's (key performance indicators) help a business define and measure progress towards goals.

• True

• False

How can an organisation like Amelia's tech startup create competitive advantage?