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Questions # 21:

MMM operates leisure parks in Country S. a mature economy in Europe. These are parks that are popular with people between the ages of 8 and 25 years who visit them to ride on the high speed roller-coasters and to visit other attractions at the parks. Nearly 60% of visitor expenditure is to buy meals and drinks at the park MMM estimates that 20% of its visitors travel to its parks from outside Country S.

Which THREE of the following environmental changes will have the greatest impact on MMM in the next five years?

Options:

A.

The growing strength of the emerging economies in Africa, Asia and South America.

B.

The average age of the population in Country S is increasing because of a fall in the birth rate.

C.

An increase in the statutory minimum wage in Country S.

D.

Introduction of government restrictions on the number of students and tounsts permitted to enter Country S.

E.

The opening of a rival leisure park in Country S with more modern rides and attractions.

Expert Solution
Questions # 22:

According to Porter's Five Forces model, which of the following would be evidence of high buyer power?

Options:

A.

There is a low probability of backward integration.

B.

Products are not standardized and buyers cannot easily switch to another product.

C.

Buyers are fragmented and act independently of each other.

D.

There is a concentration of buyers.

Expert Solution
Questions # 23:

CCC is a local authority based in Country M. A local authority (LA) is a public sector Organization which has administrative responsibilities within a geographical area and is responsible for the provision of a range of public services within its area including schools, leisure, policing and housing.

The majority of CCC's income comes from central Government funding. In the last four years, the global economic downturn has resulted in the central Government of Country M having to drastically cut its funding to all LAs. Six months ago, CCC appointed a new Chief Executive who, since his arrival, has attempted to make a number of changes to the Organizational culture and structure of CCC. He has stated that these changes are essential if CCC is to continue to operate effectively within the current economic environment. The Government of Country M has recently announced that all LA's must reduce their overall expenditure from current levels by 15% within the next year.

Which of the following types of change is CCC experiencing?

Options:

A.

Evolution

B.

Revolution

C.

Adaptation

D.

Reconstruction

Expert Solution
Questions # 24:

Which of the following is NOT an external driver that leads management to adopt greater sustainability in the activities of its business?

Options:

A.

Scientific research demonstrating the adverse impacts of global warming.

B.

Increased taxation of the emissions and waste created in industry supply chains.

C.

Customers' concerns, following widespread adverse publicity, over the very low pay of factory labour in manufacturing.

D.

Investor pressure for higher dividends.

Expert Solution
Questions # 25:

RRR is an insurance company which maintains an extensive database of its customer transactions over the last 10 years. RRR is developing a new product and has carried out a SWOT analysis.

Within which of the following aspects of the SWOT analysis would RRR include its customer database?

Options:

A.

Opportunity

B.

Threat

C.

Weakness

D.

Strength

Expert Solution
Questions # 26:

The sales manager of an organisation has requested that you accept sales figures for the month, which contain misleading statements of sales, for the purpose of calculating sales team bonuses.

Which of the following fundamental ethical principles would this request breach?

Options:

A.

Objectivity

B.

Confidentiality

C.

Integrity

D.

Professional behaviour

Expert Solution
Questions # 27:

Which THREE of the following issues relate to the Corporate Strategy of an organization? (Choose three.)

Options:

A.

Entering new industries.

B.

Avoiding competitive disadvantages.

C.

Achieving advantage over competitors.

D.

Meeting the needs of key customers.

E.

Leaving existing industries.

F.

Acquisitions, disposals and diversification.

Expert Solution
Questions # 28:

Corporate political activity can be seen as a proactive attempt by a company to influence government decision-making. In particular, lobbying represents a direct but often private attempt by businesses to influence a government's decision-making.

 

Which of the following is NOT a legitimate and private form of lobbying?

Options:

A.

Monitoring

B.

Advocacy

C.

Application of pressure

D.

Undisclosed party financing

Expert Solution
Questions # 29:

BCD manufactures a well known breakfast cereal, the 'Weetyflake'. As a result of a steady slow down in the market growth of this product in its home country in the last five years, BCD is considering a number of possible strategic directions.

Select the label which best describes each of the strategic directions being considered by BCD.

Question # 29

Options:

Expert Solution
Questions # 30:

MMM is a large national bank. MMM has developed a vision statement which states that it aims to:  

   • Provide superior returns to our shareholders

   • Offer customers the best financial products on the market

   • Continuously train and develop our staff

   • Continually improve our business processes by utilising the latest information technology

 

Which of the following would be an appropriate performance measure within a Balanced Scorecard for MMM?

Options:

A.

Reduction in staff numbers to increase profit levels.

B.

Undertake customer satisfaction surveys.

C.

Number of training days per member of staff.

D.

Ensure that all IT equipment used is not more than two years old.

Expert Solution
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