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

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

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




Formal/Rational model - ANS Adopts a formal and systematic process of identifying goals and
then selecting strategies to achieve those goals. Not dynamic.



Mendelow's stakeholder matrix - ANS 1. Keep Satisfied - High Power, Low Interest

2. Manage Closely - High Power, High Interest

3. Minimum Effort - Low Power, Low interest

4. Keep Informed - Low Power, High Interest



PESTLE Analysis - ANS Analysis of the external political, economic, social, technological, legal
and environmental factors affecting a business



Porter's Diamond of National Competitive Advantage - ANS 1. Factor conditions

2. Demand conditions

3. Competitive intensity in focal industry

4. Related and supporting industries/complementors



Porter's Five Competitive Forces - ANS 1. Threat of new entrants

2. Bargaining power of suppliers


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