Planning Quiz

What does planning involve ?

• Knowing what to do, when to do it, and how to do it

• Knowing why to do it, where to do it, and with whom to do it

• Knowing how to do it, why to do it, and with whom to do it

• Knowing when to do it, where to do it, and why to do it

What type of analysis is included in a business plan?

• Market analysis

• Detailed financial analysis showing potential profit

• Employee performance analysis

• Product design analysis

What is the focus of operational planning?

• Long term goals

• Broad goals for the entire business

• Short term goals

• Vision and mission statements

What type of planning is long term?

• Operational

• Strategic

• Tactical

• Financial

Which step involves defining the purpose of the organization?

• SWOT Analysis

• Mission

• Goals

• Strategies

Which step involves planning the actions to achieve objectives?

• SWOT Analysis

• Mission

• Goals

• Strategies

Who identifies opportunities for expansion in a SWOT analysis?

• Customers

• Competitors

• Managers

• Investors

Which of the following is NOT a focus of SWOT analysis?

• External Opportunities

• Internal Threats

• Internal Strengths

• External Threats

Which of the following is an external factor in SWOT analysis?

• Internal strengths

• Internal weaknesses

• Economic changes

• Employee skills

What is one of the roles of a mission statement in shaping strategy?

• It provides a detailed business plan.

• It shapes strategy.

• It outlines marketing tactics.

• It sets employee salaries.