Day: October 17, 2024

Accounting Multiple Choice Question – 17 October 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Alex works for Lucy plc.

Alex has been asked by his manager, Bob, to undertake an internal analysis of the company as part of a STRATEGIC planning review.

Which ONE of the following analytical techniques will be useful in this context?

Select ONE answer:

  1. Porter’s five forces analysis
  2. The BCG Matrix
  3. PESTEL analysis
  4. Ansoff’s Matrix

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Notcorrect
  2. Correct  –> Options (1) and (3) are methods of analysing the company’s external environment . Option (4) is a means of assessing potential growth strategies of the company.
  3. Not correct
  4. Not correct

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