TRENDS QUIZES/REVIEWER Flashcards
(38 cards)
These are major societal trends. Where Micro- and Macrotrends are relatively small and manageable, this are large and complex shifts.
MEGATRENDS
It also known as “market trends”. These are clusters of ‘‘signals‟ which consists of “tangible” developments, such as new products and services.
MICROTRENDS
It also called “consumer trends‟. They are not tangible, and they are changing (latent) based on needs of the consumer, like insights, norms, and values.
MACROTRENDS
A type of trend that creates a series of higher highs and higher lows
UP TREND
A type of trend that creates no distinguishable pattern of highs and lows.
SIDEWAYS TREND
It can continue to be fashionable for years and even decades.
TREND
A type of trend that creates a series of lower highs and lower lows.
DOWN TREND
It typically lasts for a total of one season and is often referred to as “catching on” with the larger population, but will often fade as quickly as it appeared.
FADS
In PEST analysis, Social dimension These affect the cost of capital and purchasing power of an organization that includes economic growth, interest rates, inflation, and currency exchange rates.
FALSE
One of the characteristics of Intuitive leaders is they see the big picture and don’t worry about taking risks.
TRUE
A Strategic analysis is a simple but widely used tool that helps in understanding the strengths, weaknesses, opportunities, and threats involved in a project or business activity.
FALSE
In PEST analysis, Political dimension include government regulations such as employment laws, environmental regulations and tax policy.
TRUE
In PEST analysis, Economic factors include population growth, age demographics and attitudes towards.
FALSE
External is a type of strategic analysis were strength and weaknesses of an organization should consider.
FALSE
Internal is a type of strategic analysis were opportunities and threats of an organization should consider.
FALSE
SWOT analysis refers to the process of researching an organization and it’s working environment to formulate a strategy.
FALSE
One of the characteristics of Intuitive leaders is they are good at sizing people up by reading their body language and non-verbal clues.
TRUE
In PEST analysis, Technological factors influence barriers to entry, make or buy decisions and investment in innovation, such as automation, investment incentives and the rate of technological change.
TRUE
There are two types of strategic analysis you should consider the internal and external.
TRUE
A PEST analysis is a measurement tool which is used to assess markets for a particular product or a business at a given time frame.
TRUE
PROCESS OF IDENTIYING A TREND (3)
- UP TREND
- DOWN TREND
- SIDEWAYS TREND
ACTORS OF EMPLOYABILITY (2)
- PRIMARY
- SECONDARY
6 SKILLS OF EMPLOYABILITY
- TECHNICAL
- NON-TECHNICAL
- TRANSFERABLE
- NON-TRANSFERABLE
- METACOGNITIVE
- CULTURAL COMPETENCE OF THE WORKERS
Simple things you can do to help fight climate change (5)
- SAVE ENERGY
- IMPROVE YOUR DIET
- SAVING WATER AT HOME
- RECYCLING
- COMPOST FOOD SCRAPS