Pestel model - Study guides, Class notes & Summaries
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ACCA – SBL PRACTICE TESTS| 370 QUESTIONS| WITH COMPLETE SOLUTIONS
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What structure for Ethical considerations? correct answer: Tucker's 5 Questions 
 
What structure for deciding strategy on public sector projects correct answer: Public Sector Portfolio Matrix 
 
ACCA - 5 Skills? correct answer: Commercial Acumen 
-Judgement 
- Awareness 
 
Analysis 
-Investigate 
-Enquire 
-Consider 
 
Communication 
-Inform 
-Persuade 
-Clarify 
 
Evaluation 
-Assess 
-Estimate 
-Appraise 
 
Scepticim 
-Probe 
-Question 
-Challange 
 
What model for environmental? correct ...
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Globus Exam 2024 with 100% correct answers
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PESTEL model - correct answer A framework that categorizes and analyzes an important set of external factors (political, economic, sociocultural, technological, ecological, and legal) that might impinge upon a firm. These factors can create both opportunities and threats for the firm. 
 
political factors - correct answer process and actions of government bodies that can influence the decisions and behavior of firms 
 
economic factors - correct answer largely macroeconomics
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WPC 480 FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS ALREADY GRADED A+
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What is strategy? 
An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. 
 
 
 
What are the 2 business analysis? 
Internal and External. 
 
 
 
What are the 3 business strategies? 
1) Cost, 2) Differentiation, 3) Innovation. 
 
 
 
What is competitive advantage? 
Superior performance relative to other competitors in the same industry or the industry average. 
 
 
 
How do you assess competitive advantage? 
Compare firm performance to a benchmark. 
 
...
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MNGT 4800 Zachary Exam 2 (Ch3&4) with Correct Answers 100%.
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Environment correct answers consists of the set of external conditions and forces that have potential influence on the organization 
 
What are some examples of outside conditions and forces that could influence an organization? correct answers Customers, Rivals, Economic Conditions, Events (weather-related) 
 
3 Reasons why the Environment matters: correct answers 1. Source of Resources: inputs, capital, labor, and customers 
2. Source of Opportunities and Threats: 
3. Shapes Strategic Decisio...
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WPC 480 Final Exam Questions and Answers Latest Updated 2024 (Graded A+)
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WPC 480 Final Exam Questions and Answers Latest Updated 2024 (Graded A+) What is strategy? - An integrated set of goal-directed actions a firm takes to gain 
and sustain competitive advantage. 
What are the 2 business analysis? - Internal and External. 
What are the 3 business strategies? - 1) Cost, 2) Differentiation, 3) Innovation. 
What is competitive advantage? - Superior performance relative to other 
competitors in the same industry or the industry average. 
How do you assess competitive a...
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WPC 480 CHAPTER 4 (BURGMAN) WITH 100% CORRECT ANSWERS ALREADY GRADED A+.
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Core Competencies 
embedded strengths enabling value-creation 
 
 
 
Capabilities 
strategically orchestrating diverse resources 
 
 
 
Resources 
assets leveraged for strategy/ formulation 
 
 
 
Looking Inside the Firm for Core Competencies 
Competitive advantage derives from core competencies, which enable: 
1. Differentiation of products/services creating perceived value, or 
2. Cost leadership - offering products/services of comparable value at lower cost 
 
 
 
(Diagram) Looking Inside the...
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MNGT 4800 Zachary Exam 2 (Ch3&4) with Correct Answers 100%.
- Exam (elaborations) • 6 pages • 2024
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Environment correct answers consists of the set of external conditions and forces that have 
potential influence on the organization 
What are some examples of outside conditions and forces that could influence an organization? 
correct answers Customers, Rivals, Economic Conditions, Events (weather-related) 
3 Reasons why the Environment matters: correct answers 1. Source of Resources: inputs, capital, 
labor, and customers 
2. Source of Opportunities and Threats: 
3. Shapes Strategic Decisions...
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MNG3701 - Strategic planning and Analysis: analyzing the external environments Exam 2023.
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MNG3701 - Strategic planning and Analysis: analyzing the external environments Exam 2023. 
Importance of Analyzing the External Environment 
-Managers can mitigate threats. 
-Managers can leverage opportunities. 
-Gain understanding of potential impacts. 
-Understand the source / proximity of factors. 
 
 
 
The PESTEL Model 
-Groups environmental factors into six segments: 
--Political 
--Economic 
--Sociocultural 
--Technological 
--Ecological 
--Legal 
These factors can create: 
--Opportuniti...
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ACCA - SBL SOCIAL SCIENCE ALL SPLUTION LATEST EDITION 2023 GUARANTEED GRADE A+
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What structure for Ethical considerations? 
Tucker's 5 Questions 
What structure for deciding strategy on public sector projects 
Public Sector Portfolio Matrix 
ACCA - 5 Skills? 
Commercial Acumen 
-Judgement 
- Awareness 
 
Analysis 
-Investigate 
-Enquire 
-Consider 
 
Communication 
-Inform 
-Persuade 
-Clarify 
 
Evaluation 
-Assess 
-Estimate 
-Appraise 
 
Scepticim 
-Probe 
-Question 
-Challange 
What model for environmental? 
PESTEL 
5 Forces 
National 
What model for competitiveness? 
...
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MCQS of all subjects-11-5-2023 with correct answers
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Subject 1--Strategic Management—Compiled by Niraja Set 1:- 
Q1.	Which of the following are typically seen as being associated with strategic decisions? 
 
Q2.	Which strategy is about how to compete successfully in particular markets? 
 
Q3.	A group of managers is considering pricing strategy and differentiation. At which level of strategy are the managers most likely to be working? 
Q4.	An organization’s general expression of its overall purpose is known as its: 
Q5.	Which of the followin...
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