Student
Examination paper
“Come all for this greatness”
...100% Correct Ans...
ISYE 6501 Final Quiz - Summer 2018 - Verified Learners ISYE65
a formal written document or statement about the intentions and purpose of the business
Ans>>> Business Plan
- Executive summary
- Business description
- Market analysis
- Marketing strategies
- Financial plans
Ans>>> What a business Plan includes
- Gap in the market
- Competitors
- Current trends
- Likely demand
,Ans>>> Factors that influence how a 'Developing' business develops
- Age, death
- Change of business operation
- A corporate buyout
- Merger
- Business failure
Ans>>> Reasons a business may need to change its ownership
Has a wide span, is horizontally dispersed, and has fewer hierarchical levels
Ans>>> Flat Structure
An organizational structure that simultaneously groups people and resources by function
and by product.
Ans>>> Matrix Structure
Shows a hierarchy of responsibilities and authority showing who is responsible for what and
who has authority to make decisions regarding business operations
Ans>>> Hierarchical Structure
- Previous market research
- Trade journals
- Websites
- Books and newspapers
- Census data and public records
, Ans>>> Secondary research sources
Info should be kept secure in accordance with the nature and sensitivity of that information.
There is a legal requirement to store info securely and there are rules dictating how info is
stored and for what period of time
Ans>>> Security of information
It is vital businesses are up to date with the legal requirements around data storage. Data
protection act 1998 is the main legislation they must follow
Ans>>> Legislative
Regulatory and ethical issues
Ans>>> Businesses will need to ensure they are frequently monitoring impending changes
to any legislation or regulation
Porters 5 forces
Ans>>> 1. Existing competitive rivalry between suppliers
2. Threat of new entrants
3. Bargaining power of buyers
4. Power of suppliers
5. Threat of substitute products
5C'S
Examination paper
“Come all for this greatness”
...100% Correct Ans...
ISYE 6501 Final Quiz - Summer 2018 - Verified Learners ISYE65
a formal written document or statement about the intentions and purpose of the business
Ans>>> Business Plan
- Executive summary
- Business description
- Market analysis
- Marketing strategies
- Financial plans
Ans>>> What a business Plan includes
- Gap in the market
- Competitors
- Current trends
- Likely demand
,Ans>>> Factors that influence how a 'Developing' business develops
- Age, death
- Change of business operation
- A corporate buyout
- Merger
- Business failure
Ans>>> Reasons a business may need to change its ownership
Has a wide span, is horizontally dispersed, and has fewer hierarchical levels
Ans>>> Flat Structure
An organizational structure that simultaneously groups people and resources by function
and by product.
Ans>>> Matrix Structure
Shows a hierarchy of responsibilities and authority showing who is responsible for what and
who has authority to make decisions regarding business operations
Ans>>> Hierarchical Structure
- Previous market research
- Trade journals
- Websites
- Books and newspapers
- Census data and public records
, Ans>>> Secondary research sources
Info should be kept secure in accordance with the nature and sensitivity of that information.
There is a legal requirement to store info securely and there are rules dictating how info is
stored and for what period of time
Ans>>> Security of information
It is vital businesses are up to date with the legal requirements around data storage. Data
protection act 1998 is the main legislation they must follow
Ans>>> Legislative
Regulatory and ethical issues
Ans>>> Businesses will need to ensure they are frequently monitoring impending changes
to any legislation or regulation
Porters 5 forces
Ans>>> 1. Existing competitive rivalry between suppliers
2. Threat of new entrants
3. Bargaining power of buyers
4. Power of suppliers
5. Threat of substitute products
5C'S
