FREE CA Business Strategy & Advisory Questions and Answers
What is the primary function of a business consultant?
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Wrong!
A business consultant provides expert advice to help organizations improve efficiency, profitability, and strategic growth.
Which business analysis tool is commonly used to assess internal strengths and weaknesses?
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SWOT analysis helps businesses evaluate their internal strengths and weaknesses, as well as external opportunities and threats.
Which factor is crucial for effective strategic decision-making?
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Data-driven insights help leaders make informed strategic decisions, minimizing risks and maximizing opportunities.
What is the primary goal of business strategy?
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The main goal of business strategy is to establish a sustainable competitive advantage and drive long-term growth.
Which business strategy focuses on offering the lowest prices in the industry?
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Cost leadership strategy aims to achieve a competitive advantage by minimizing production costs and offering the lowest prices.
What is a key role of financial advisors in business strategy?
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Financial advisors help businesses allocate resources efficiently, manage risks, and ensure financial sustainability.