3.1.4 Impact of external influences Flashcards
1
Q
PESTLE
A
POLITICAL ECONOMIC SOCIAL TECHNOLOGICAL LEGAL ENVIRONMENTAL
2
Q
Political
A
policies rarely have huge influence
UK leaving EU
-access to EU mkts, decrease in free movement of labour, increase in import prices
3
Q
Economic
3 ways
A
- exchange rate
- rate of inflation
- rate of unemployment
4
Q
Social
A
change in social attitudes
healthy, smoking, convenience, age
5
Q
Technological
3 ways
A
- decrease costs
- increase quality
- new products?
6
Q
legal
A
laws = disrupt = strategic challenges
7
Q
Environment
A
no harm to environment
efficient methods
8
Q
external influences
A
maximise favourable influences
minimise unfavourable influences
9
Q
external influences
A
maximise favourable influences
minimise unfavourable influences
