Lesson 3.7.1.2
3.7.1.2 Strategy, tactics and SWOT analysis Quiz: AQA Business, Unit 7
20 questions
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Lesson 3.7.1.2, Strategy, tactics and SWOT analysis: 20 multiple choice questions for the AQA Business (7132), Unit 7: Analysing the strategic position of a business, written with Revision Ninja.
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The 20 questions
-
What term describes the long-term plan designed to achieve a business's objectives?
- Tactics
- Vision
- Mission
- Strategy
-
What does the letter O stand for in a SWOT analysis?
- Organisation
- Operations
- Objectives
- Opportunities
-
In a SWOT analysis, which factor represents an internal strength?
- Growing market demand
- Low interest rates
- New competitor entry
- Strong brand reputation
-
In a SWOT analysis, which factor represents an external opportunity?
- Skilled workforce
- Efficient factory machinery
- Growing market demand
- High debt levels
-
In a SWOT analysis, which factor represents an external threat?
- Outdated technology
- High staff turnover
- New market entrant
- Poor cash flow
-
In a SWOT analysis, which factor represents an internal weakness?
- Lower interest rates
- Strict new regulations
- New export markets
- Single supplier reliance
-
Which action represents a short-term tactic rather than a long-term strategy?
- Opening new branches
- Entering overseas markets
- One-month price discount
- Expanding total capacity
-
Which of the following is an example of a tactical decision?
- Relocating factory operations
- Diversifying product range
- Changing ownership structure
- Temporary price reduction
-
Matching a strong brand image with growing market demand uses which SWOT elements?
- Weakness and threat
- Strength and threat
- Weakness and opportunity
- Strength and opportunity
-
Rising raw material costs present a threat. Which response is a tactical action?
- Relocating corporate headquarters
- Negotiating bulk discounts
- Changing business model
- Vertical integration takeover
-
What is a major limitation of a SWOT analysis?
- Subjective manager judgement
- Automated decision making
- High software costs
- Fixed financial calculations
-
What determines the overall strategic value of a SWOT analysis?
- Size of workforce
- Cost of software
- Quality of evidence
- Shareholder dividend yield
-
Using skilled staff to meet rising market demand matches which SWOT elements?
- Strength and opportunity
- Strength and threat
- Weakness and opportunity
- Weakness and threat
-
Why might a SWOT analysis produce biased strategic conclusions?
- Subjective management opinions
- Precise quantitative focus
- Strict regulatory controls
- Automated data collection
-
Using cash reserves to counter rising competition matches which SWOT elements?
- Weakness and opportunity
- Strength and threat
- Strength and opportunity
- Weakness and threat
-
Which of the following represents a long-term strategic objective?
- Monthly promotional email
- Temporary price drop
- Weekly social post
- Five-year market leadership
-
Why might a business choose consolidation over growth after a SWOT analysis?
- Severe internal weaknesses
- Abundant cash reserves
- Low competitive threat
- High market demand
-
What is a major risk of using temporary price cuts as a tactic?
- Triggering price wars
- Increasing unit margins
- Increasing fixed costs
- Losing market capacity
-
A competitor launches a new product. Which action is a tactical response?
- Changing corporate strategy
- Building new factories
- Selling off assets
- Running promotional discounts
-
Which of the following is an internal weakness for a small bakery?
- Rising flour prices
- Limited cash reserves
- Stricter hygiene laws
- New local competitor
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