Laser Lessons - Lesson

P5DMALC1-1

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Question 1 of 5

MOST analysis is a framework tool for:

reducing uncertainty

checking demographics

analysis or planning

assessing competitive strength

Micro-environment involves:

internal forces

market forces

global forces

external forces

Advantages of analytical techniques include:

market leadership

identifying opportunities for growth

organisation internal environment

limiting resource requirements

Market forces that may influence strategic planning include:

competition

policies and procedures

staff

managers

A balanced scorecard is used to align business activities to the:

stakeholders interests

resource requirements

labour market

mission statement

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Think And Challenge

It is rare that there is just one way to respond to a scenario or situation, so do not consider that the response you have chosen to this scenario will be judged as right or wrong. Share your scenario with a work colleague and ask them to tell you if they think you have responded appropriately. Ask them to challenge your response if necessary. You do not need to submit this task for assessment unless asked to do so by your tutor.