Ghanaian economy

SMM – OCT 2022 – L4 – Q1 – Strategic Marketing Plan for Bank Amid Inflation Challenges

As the new Head of Marketing, prepare a 5-year Strategic Marketing Plan for your bank to address challenges from rising inflation, exchange rate depreciation, and external factors like the Russia-Ukraine war.

Question

Ghana’s inflation rate has continued to increase since the beginning of this year and expected to continue for some time. The inflation rate of 12.8 percent at the end of December, 2021 has increased to 29.8 percent at the end of June, 2022 due mainly to factors both internal and external including Russia’s war against Ukraine. These have resulted in food supply challenges, exchange rate depreciation and increase in crude oil prices. This has had significant impact on the performances of various business organisations including banks. In your role as the newly appointed Head of Marketing of your Bank, your Managing Director has asked you to prepare 5- year Strategic Marketing Plan that will address the challenges facing the Bank.

Answer

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Tags: Banking Challenges, Corporate strategy integration, Ghanaian economy, Inflation impact, Services marketing, Strategic Marketing Plan
Level: Level 4

Topic: MARKETING PLANNING, STRATEGIC PLANNING
Series: October 2022

POM – OCT 2022 – L1 – Q1 – Business Environment in Banking

Discuss the external and internal environments of a bank, factors influencing them, and how SWOT analysis can drive changes in Ghana's banking sector.

Question

The Ghanaian business environment has become very dynamic, hence all managers of business

organizations must be conversant with the factors, rate of change and effects on the economy.

(a) Describe what is meant by the external environment and the internal environment of a named bank? [5 Marks]

(b) List any three (3) factors of the internal environment and two (2) factors of the external environment and mention their importance in managing a bank? [10 Marks]

(c) List and explain with examples, how SWOT Analysis can bring about change(s) of the banking industry of Ghana? [10 Marks]

[Total Marks – 25]

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Industry, External Environment, Ghanaian economy, Internal Environment, SWOT Analysis
Level: Level 1

Topic: INTRODUCTION TO MANAGEMENT
Series: OCT 2022

EIB – APRIL 2023 – LEVEL I – Q4 – Inflation Types, Deflation Control, Unemployment Effects, Minimum Wage Impacts, Job Rates

This question examines key macroeconomic concepts including types of inflation in Ghana, measures to control deflation, effects of unemployment, impacts of raising minimum wage above equilibrium, and the role of job separation and finding rates.

Question

(a) State four main types of inflation in your country. (b) State two measures that may be adopted to control deflation. (c) List two effects of unemployment. (d) State two possible effects that may arise if the minimum wage rate is increased above the equilibrium wage. (e) The rates of job separation and job finding determine what? (4 marks) (Total marks:20)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deflation measures, Fiscal Policy, Ghanaian economy, Job finding rates, Job separation rates, Minimum wage effects, Monetary Policy, nflation types, Unemployment effects
Level: Level 1

Series: APR 2023

SMM – OCT 2022 – L4 – Q1 – Strategic Marketing Plan for Bank Amid Inflation Challenges

As the new Head of Marketing, prepare a 5-year Strategic Marketing Plan for your bank to address challenges from rising inflation, exchange rate depreciation, and external factors like the Russia-Ukraine war.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Challenges, Corporate strategy integration, Ghanaian economy, Inflation impact, Services marketing, Strategic Marketing Plan
Level: Level 4

Topic: MARKETING PLANNING, STRATEGIC PLANNING
Series: October 2022

POM – OCT 2022 – L1 – Q1 – Business Environment in Banking

Discuss the external and internal environments of a bank, factors influencing them, and how SWOT analysis can drive changes in Ghana's banking sector.

Question

The Ghanaian business environment has become very dynamic, hence all managers of business

organizations must be conversant with the factors, rate of change and effects on the economy.

(a) Describe what is meant by the external environment and the internal environment of a named bank? [5 Marks]

(b) List any three (3) factors of the internal environment and two (2) factors of the external environment and mention their importance in managing a bank? [10 Marks]

(c) List and explain with examples, how SWOT Analysis can bring about change(s) of the banking industry of Ghana? [10 Marks]

[Total Marks – 25]

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Industry, External Environment, Ghanaian economy, Internal Environment, SWOT Analysis
Level: Level 1

Topic: INTRODUCTION TO MANAGEMENT
Series: OCT 2022

EIB – APRIL 2023 – LEVEL I – Q4 – Inflation Types, Deflation Control, Unemployment Effects, Minimum Wage Impacts, Job Rates

This question examines key macroeconomic concepts including types of inflation in Ghana, measures to control deflation, effects of unemployment, impacts of raising minimum wage above equilibrium, and the role of job separation and finding rates.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deflation measures, Fiscal Policy, Ghanaian economy, Job finding rates, Job separation rates, Minimum wage effects, Monetary Policy, nflation types, Unemployment effects
Level: Level 1

Series: APR 2023

Question Tag: Ghanaian economy

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SMM – OCT 2022 – L4 – Q1 – Strategic Marketing Plan for Bank Amid Inflation Challenges

As the new Head of Marketing, prepare a 5-year Strategic Marketing Plan for your bank to address challenges from rising inflation, exchange rate depreciation, and external factors like the Russia-Ukraine war.

POM – OCT 2022 – L1 – Q1 – Business Environment in Banking

Discuss the external and internal environments of a bank, factors influencing them, and how SWOT analysis can drive changes in Ghana's banking sector.

EIB – APRIL 2023 – LEVEL I – Q4 – Inflation Types, Deflation Control, Unemployment Effects, Minimum Wage Impacts, Job Rates

This question examines key macroeconomic concepts including types of inflation in Ghana, measures to control deflation, effects of unemployment, impacts of raising minimum wage above equilibrium, and the role of job separation and finding rates.

SMM – OCT 2022 – L4 – Q1 – Strategic Marketing Plan for Bank Amid Inflation Challenges

As the new Head of Marketing, prepare a 5-year Strategic Marketing Plan for your bank to address challenges from rising inflation, exchange rate depreciation, and external factors like the Russia-Ukraine war.

POM – OCT 2022 – L1 – Q1 – Business Environment in Banking

Discuss the external and internal environments of a bank, factors influencing them, and how SWOT analysis can drive changes in Ghana's banking sector.

EIB – APRIL 2023 – LEVEL I – Q4 – Inflation Types, Deflation Control, Unemployment Effects, Minimum Wage Impacts, Job Rates

This question examines key macroeconomic concepts including types of inflation in Ghana, measures to control deflation, effects of unemployment, impacts of raising minimum wage above equilibrium, and the role of job separation and finding rates.

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SMM – OCT 2022 – L4 – Q1 – Strategic Marketing Plan for Bank Amid Inflation Challenges

As the new Head of Marketing, prepare a 5-year Strategic Marketing Plan for your bank to address challenges from rising inflation, exchange rate depreciation, and external factors like the Russia-Ukraine war.

You're reporting an error for "SMM – OCT 2022 – L4 – Q1 – Strategic Marketing Plan for Bank Amid Inflation Challenges"

POM – OCT 2022 – L1 – Q1 – Business Environment in Banking

Discuss the external and internal environments of a bank, factors influencing them, and how SWOT analysis can drive changes in Ghana's banking sector.

You're reporting an error for "POM – OCT 2022 – L1 – Q1 – Business Environment in Banking"

EIB – APRIL 2023 – LEVEL I – Q4 – Inflation Types, Deflation Control, Unemployment Effects, Minimum Wage Impacts, Job Rates

This question examines key macroeconomic concepts including types of inflation in Ghana, measures to control deflation, effects of unemployment, impacts of raising minimum wage above equilibrium, and the role of job separation and finding rates.

You're reporting an error for "EIB – APRIL 2023 – LEVEL I – Q4 – Inflation Types, Deflation Control, Unemployment Effects, Minimum Wage Impacts, Job Rates"

SMM – OCT 2022 – L4 – Q1 – Strategic Marketing Plan for Bank Amid Inflation Challenges

As the new Head of Marketing, prepare a 5-year Strategic Marketing Plan for your bank to address challenges from rising inflation, exchange rate depreciation, and external factors like the Russia-Ukraine war.

You're reporting an error for "SMM – OCT 2022 – L4 – Q1 – Strategic Marketing Plan for Bank Amid Inflation Challenges"

POM – OCT 2022 – L1 – Q1 – Business Environment in Banking

Discuss the external and internal environments of a bank, factors influencing them, and how SWOT analysis can drive changes in Ghana's banking sector.

You're reporting an error for "POM – OCT 2022 – L1 – Q1 – Business Environment in Banking"

EIB – APRIL 2023 – LEVEL I – Q4 – Inflation Types, Deflation Control, Unemployment Effects, Minimum Wage Impacts, Job Rates

This question examines key macroeconomic concepts including types of inflation in Ghana, measures to control deflation, effects of unemployment, impacts of raising minimum wage above equilibrium, and the role of job separation and finding rates.

You're reporting an error for "EIB – APRIL 2023 – LEVEL I – Q4 – Inflation Types, Deflation Control, Unemployment Effects, Minimum Wage Impacts, Job Rates"

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