Laser Lessons - Lesson

P5DMALC1-1

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Question 1 of 5

MOST analysis is a framework tool for:

checking demographics

analysis or planning

assessing competitive strength

reducing uncertainty

Micro-environment involves:

internal forces

market forces

external forces

global forces

Advantages of analytical techniques include:

limiting resource requirements

organisation internal environment

identifying opportunities for growth

market leadership

Market forces that may influence strategic planning include:

managers

staff

policies and procedures

competition

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

resource requirements

mission statement

labour market

stakeholders interests

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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.