CBA Strategic Planning & Growth Development

Question 1

What is the purpose of a SWOT analysis in strategic planning?

Accepted Answer

To assess internal and external factors

Answer

To develop financial statements

Answer

To estimate startup capital

Answer

To analyze market size

Question 2

Which metric is most commonly used to track business growth over time?

Accepted Answer

Revenue growth

Answer

Return on equity

Answer

Net income margin

Answer

Customer churn rate

Question 3

Why is setting SMART goals important in business planning?

Accepted Answer

They provide structured and trackable objectives

Answer

They reduce marketing expenses

Answer

They limit business growth

Answer

They eliminate the need for planning

Question 4

What is the benefit of using KPIs in a strategic growth plan?

Accepted Answer

They serve as performance benchmarks

Answer

They replace customer service reports

Answer

They track competitors’ strategies

Answer

They assess tax liabilities

Question 5

What is a business's 'mission statement' primarily used for?

Accepted Answer

To guide the company’s purpose and values

Answer

To attract investors

Answer

To describe business operations

Answer

To explain financial forecasts

Question 6

Which strategic approach helps businesses adapt to changing market conditions?

Accepted Answer

Flexible strategic planning

Answer

Static annual planning

Answer

Strict cost-cutting measures

Answer

High-interest capital borrowing