SWOT Analysis (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 is SWOT analysis primarily used for in business?
What is SWOT analysis primarily used for in business?
Summarize & evaluate audit information
Which two components of SWOT are external factors?
Which two components of SWOT are external factors?
Opportunities and Threats
Which of these is an example of a business strength?
Which of these is an example of a business strength?
A unique selling point (USP)
Which factor represents a business weakness?
Which factor represents a business weakness?
Obsolete equipment reducing productivity
What can opportunities lead to for a business?
What can opportunities lead to for a business?
Increased revenues or reduced costs
Which is an example of an external threat?
Which is an example of an external threat?
An economic downturn reducing spending
SWOT analysis can be applied to which business decision?
SWOT analysis can be applied to which business decision?
Make-or-buy (outsourcing) decisions
In the Thorntons case, what percentage of sales came from exports?
In the Thorntons case, what percentage of sales came from exports?
Only 3%
When does SWOT analysis create real value?
When does SWOT analysis create real value?
When actions are taken based on findings
What type of factors are strengths and weaknesses?
What type of factors are strengths and weaknesses?
Internal factors the business controls