3.1.4

Question 1

what does pestle identify

Answer 1

external factors that impact a business

Question 2

what does pestle stand for

Answer 2

polictical
economic
social
technological
legal
environmental

Question 3

pestle
-polictical

Answer 3

-trading bloc
-taxes

Question 4

pestle
-economic

Answer 4

-employment
-exchange rates
-interest rates
-yed

Question 5

pestle
-social

Answer 5

-human resource
-health
-age

Question 6

pestle
-technology

Answer 6

-communication
-product life cycle

Question 7

pestle
-legal

Answer 7

-health bans
-taxes

Question 8

what impacts a business in a competitve enviorment

Answer 8

new product
new entrants

Question 8

pestle
-environment

Answer 8

-sustainability
-recyling
-renewable

Question 9

what does porters 5 forces do

Answer 9

show the level of competition in a market

Question 10

high profit margins are associated with

Answer 10

high entry barriers
competiton

Question 11

low profit margins are associated

Answer 11

strong suppliers
strong consumers

Question 12

porters 5 forces include

Answer 12

threat of new entry
threat of substitues
bargaining power of consumers
bargaining power of suppliers
competition

Question 13

issue with threat of new entrants

Answer 13

market share
access to suppliers

Question 14

issue with bargaining power of suppliers

Answer 14

reduce profit margins
increase prices
affect demand

Question 15

issue with bargaining power of customers

Answer 15

pressure on prices

Question 16

issue of threat of substitue

Answer 16

customer loyalty
cost of switching

Question 17

issue with competiton

Answer 17

price war
increase cost
reduce profit