2.2 Business Needs Analysis - PESTEL Analysis Flashcards
1
Q
What are the elements of PESTEL
A
Political Economical Social Technological Environmental Legal
2
Q
Give examples of the P element of PESTEL
A
Government policy Political stability Corruption Foreign trade policy Tax policy Labour law Trade restrictions
3
Q
Give examples of the E (2nd) element of PESTEL
A
Economic growth Exchange rates Interest rates Disposable income Unemployment rates
4
Q
Give examples of the S element of PESTEL
A
Population growth rate Age distribution Career attitudes Safety emphasis Health consciousness Lifestyle attitudes Cultural barriers
5
Q
Give examples of the T element of PESTEL
A
Technology incentives Level of innovation Automation R&D activity Technological change Technological awareness
6
Q
Give examples of the E (5th) element of PESTEL
A
Weather Climate Environmental policies Climate change Pressure from NGO's
7
Q
Give examples of the L element of PESTEL
A
Discrimination laws Antitrust laws Employment laws Consumer protection laws Copyright and patent laws Health and safety laws