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- 1. Multiple Choice
Mr Jonas a culinary chef has been a chef for 3 years, and he has a dream to open his own restaurant. He has found the perfect space for his restaurant and has enough capital to start his business. However, Mr Jonas has no entrepreneurial skills and doesn’t know the first thing about starting a business even though he is a cook. Mr Jonas would like to open a steak house restaurant but the location he chose for his business already has 3 steak house restaurants. Mr Jonas has passion, he has Capital and he is a hard worker.
Identify threats that Mr Jonas might face during the process of starting his business? (ANA)he has no entrepreneurial skills and this may influence his business negatively.
He has to many competitors and it might put a strain on Mr Jonas potential customer base.
He is a hard worker and he has passion this may blur his vision in seeing the potential threats to his dream.
Mr Jonas has sufficient Capital and with money he can make his business appealing to potential customers.
- 2. Multiple Choice
What is the purpose of performing a SWOT Analysis? (CRE)
Identifies internal and external factors that may affect the business future performance.
Access a organisations performance
Evaluates whether the business venture is a good idea.
Gives the management team a broader view on the potential opportunity
- 3. Multiple Choice
Identify 5 steps in how to write up a good swot analysis?(ANA)
Draw conclusions, Determine the objectives, create a grid, label each box, add strengths and weaknesses.
Add strengths and weaknesses, identify opportunities and threats, determine the objectives, sort by importance, draw conclusions.
Determine the objectives, create a grid, label each box, add strengths and weaknesses, draw conclusions.
- 4. Multiple Choice
What would be a potential threat to a business?(EVA)
Changes in technology and markets e.g. The internet.
Ability to prioritize
Flexibility
Intrusions in the market
- 5. Multiple Choice
Determine a potential weakness that Mr Jonas has?(APP)
Self-critical/sensitive
Attention to detail
Interpersonal skills
Property losses and liabilities
- 6. Multiple Choice
Give an example of 2 potential threats to a business?(APP)
Business interruptions, electronic data breaches
Liability losses, local and global events
Changes in government policy, self confidence
Resilience, optimistic
- 7. Multiple Choice
When assessing on the businesses external environment the owner is concerned with?(APP)
Opportunities and Threats
weaknesses and threats
strengths and weaknesses
strengths and opportunities
- 8. Multiple Choice
What does the acronym SWOT stands for?(EVA)
Strengths, Weaknesses, Obligations, Threats
Strengths, Weaknesses, Opportunities, Threats
Strengths, Weak points, Opportunities, Threats
Strengths, Weaknesses, Opportunities, Time
- 9. Multiple Choice
Why is it important for the business to evaluate managerial decisions using a SWOT analysis? (UND)
It analysis strengths, weaknesses, obligations and threats
It analysis strong points, weak points, opportunities and threats
It analysis strengths, weaknesses, opportunities and threats
It analysis strengths, weaknesses, opportunities and time
- 10. Multiple Choice
Mr. Jonas has conducted a SWOT analysis for his restaurant. What should his next step be? (CRE)
Making sure that weaknesses are offset by the strengths and threats are turned into opportunities.
Making sure that weaknesses are offset by opportunities and threats are turned into strengths.
Making sure that strengths are offset by weaknesses and opportunities and turned into threats.
Making sure that opportunities are offset by threats and strengths are turned into weaknesses.
- 11. Multiple Choice
The first step Mr. Jonas consider determining the feasibly of a new project or expansion project is to determine? (REM)
External strengths and threats
External weaknesses and opportunities
Internal opportunities and threats
Internal strengths and weaknesses
- 12. Multiple Choice
Mr. Jonas discovered that a new competitor has entered the market. At which stage of the SWOT analysis would this discovery probably be made? (ANA)
Analysis of strengths
Analysis of weaknesses
Analysis of opportunities
Analysis of threats
- 13. Multiple Choice
During the SWOT analysis Mr. Jonas has learned that another restaurant will be opening soon at the same location. He believes that consumers will be more interested in the new restaurant. Where would you analyses this information in your SWOT analysis?(REM)
strengths
weaknesses
opportunities
threats
- 14. Multiple Choice
A full SWOT analysis is utilized on the market environment. (UND)
true
false
- 15. Multiple Choice
A SWOT analysis examines internal and external environment. (REM)
true
false
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