Gathering Information (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What are the two main types of audit used when gathering information for business strategy?
What are the two main types of audit used when gathering information for business strategy?
Internal and external
What does an internal audit help a business identify?
What does an internal audit help a business identify?
Strengths and weaknesses
What does an external audit help a business identify?
What does an external audit help a business identify?
Opportunities and threats
Which is NOT one of the five key areas covered by internal audits?
Which is NOT one of the five key areas covered by internal audits?
Competition
Internal audits focus on factors that are:
Internal audits focus on factors that are:
Within the business's control
External audits examine factors over which the business has:
External audits examine factors over which the business has:
Little or no control
Why might larger organisations use external management consultants for internal audits?
Why might larger organisations use external management consultants for internal audits?
More objective, independent analysis
Which is part of market analysis in an external audit?
Which is part of market analysis in an external audit?
Customer characteristics and needs
What does PESTLE analysis examine?
What does PESTLE analysis examine?
Political, economic, social, tech, legal, env.
Competition analysis examines industry structure and:
Competition analysis examines industry structure and:
Competitor finance