PGA Exam (questions well answered)
2025 updated
The most significant advantages of strategic business planning is that it provides...
- correct answer ✔✔a long-term vision and destination and does not just focus on
the current state of the business.
mission statement? - correct answer ✔✔a vision, long-range goals and short term
objectives to reach a desired future destination.
The 5 phases of the PGA business model are? - correct answer ✔✔- define the
business
- asses the current state of the business
- develop business goals, objectives and related strategies
- prepare financial forecasts and budgets
- monitor performance
What are the outcomes to defining the business? - correct answer ✔✔-concise
mission statement
-vision statement
-core values/ fundamental principles
-facility description
-description of potential market, customers and competition
-team buy in and commitment
,-general long term financial forecast
the vision is long term or short term? - correct answer ✔✔long term
A vision? - correct answer ✔✔ignites a business to move toward a seemingly
ambitious dream, and helps motivate staff to transform that dream into reality.
A vision is a goal of the highest order and helps define what a business will
ultimately accomplish. T or F? - correct answer ✔✔true
Vision statement defines? - correct answer ✔✔businesses culture ad core values
and encourages staff and stakeholders to embrace them.
"This is what we stand for, this is where we are going, this is what we will
accomplish" is a ______? - correct answer ✔✔vision statement
It is important consider ________ _______ ________ _________ when trying to
anticipate revenues, expenses, and profits for future years - correct answer
✔✔ECONOMIC TRENDS AND CONDITIONS
Some economic factors that can affect the golf industry are - correct answer ✔✔-
Anticipated inflation rate
- Federal, state, and local taxes
- Utility, fuel, and vendor costs
- Interest rates and credit
, There are two basic types of competition, ______ and _____ , that should be
identified in the business planning process - correct answer ✔✔direct and indirect
direct competition? - correct answer ✔✔any organization that meets the same
customer need with the same or similar products and service (in this case, golf
the needs that are fulfilled by golf facilities include? - correct answer
✔✔recreation, relaxation, family entertainment, and sports competition, among
others
A golf facility's direct competitors are? - correct answer ✔✔practice ranges, golf
instruction centers, golf retailers, and any other golf-related businesses
INDIRECT COMPETITION - correct answer ✔✔is any organization that meets the
same customer need with a different service.
A golf facility's primary competition is not other golf facilities, but the indirect
competition of participation in other activities outside of golf. T or F? - correct
answer ✔✔true
The main point being, the golf industry is competing for people's recreational
time. T or F? - correct answer ✔✔true
Note that direct competitors target the same broad customer base. T or F? -
correct answer ✔✔true
2025 updated
The most significant advantages of strategic business planning is that it provides...
- correct answer ✔✔a long-term vision and destination and does not just focus on
the current state of the business.
mission statement? - correct answer ✔✔a vision, long-range goals and short term
objectives to reach a desired future destination.
The 5 phases of the PGA business model are? - correct answer ✔✔- define the
business
- asses the current state of the business
- develop business goals, objectives and related strategies
- prepare financial forecasts and budgets
- monitor performance
What are the outcomes to defining the business? - correct answer ✔✔-concise
mission statement
-vision statement
-core values/ fundamental principles
-facility description
-description of potential market, customers and competition
-team buy in and commitment
,-general long term financial forecast
the vision is long term or short term? - correct answer ✔✔long term
A vision? - correct answer ✔✔ignites a business to move toward a seemingly
ambitious dream, and helps motivate staff to transform that dream into reality.
A vision is a goal of the highest order and helps define what a business will
ultimately accomplish. T or F? - correct answer ✔✔true
Vision statement defines? - correct answer ✔✔businesses culture ad core values
and encourages staff and stakeholders to embrace them.
"This is what we stand for, this is where we are going, this is what we will
accomplish" is a ______? - correct answer ✔✔vision statement
It is important consider ________ _______ ________ _________ when trying to
anticipate revenues, expenses, and profits for future years - correct answer
✔✔ECONOMIC TRENDS AND CONDITIONS
Some economic factors that can affect the golf industry are - correct answer ✔✔-
Anticipated inflation rate
- Federal, state, and local taxes
- Utility, fuel, and vendor costs
- Interest rates and credit
, There are two basic types of competition, ______ and _____ , that should be
identified in the business planning process - correct answer ✔✔direct and indirect
direct competition? - correct answer ✔✔any organization that meets the same
customer need with the same or similar products and service (in this case, golf
the needs that are fulfilled by golf facilities include? - correct answer
✔✔recreation, relaxation, family entertainment, and sports competition, among
others
A golf facility's direct competitors are? - correct answer ✔✔practice ranges, golf
instruction centers, golf retailers, and any other golf-related businesses
INDIRECT COMPETITION - correct answer ✔✔is any organization that meets the
same customer need with a different service.
A golf facility's primary competition is not other golf facilities, but the indirect
competition of participation in other activities outside of golf. T or F? - correct
answer ✔✔true
The main point being, the golf industry is competing for people's recreational
time. T or F? - correct answer ✔✔true
Note that direct competitors target the same broad customer base. T or F? -
correct answer ✔✔true
