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ICAEW BST MODELS EXAM QUESTIONS AND ANSWERS GRADED A+ 2025/2026

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ICAEW BST MODELS EXAM QUESTIONS AND ANSWERS GRADED A+ 2025/2026

Institution
ICAEW BST
Course
ICAEW BST

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ICAEW BST MODELS EXAM
QUESTIONS AND ANSWERS GRADED A+
2025/2026




4 levels of business planning - ANS 1. Mission Statement (purpose, strategy, policy, values)

2. SMART objectives

3. Corporate, business, functional

4. CSF: must do well and KPI: measures



Mendlows Matrix - ANS Low interest, low power: minimum effort

Low interest, high power: keep satisfied

High interest, high power: key player (involve)

High interest, low power: keep informed



PESTEL - ANS Political

Economic

Social

Technological

Environmental


1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.

, Legal



Porter's Five Forces - ANS 1. Barriers to entry

2. Buying power of suppliers

3. Buying power of buyers

4. Rivalry

5. Substitute products



Porter's Diamond - ANS 1. Firms - strategy / rivalry

2. Demand conditions

3. Supporting industry

4. Factors - basic / advanced



Value Chain: Activities - ANS Firm infrastructure

HR management

Tech development

Procurement

Inbound logistics

Operations

Outbound logistics

Marketing and sales

Service



Value system - ANS 1. Supplier

2. Company

3. Distributor
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
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ICAEW BST

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Uploaded on
December 16, 2025
Number of pages
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Written in
2025/2026
Type
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Questions & answers

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