3.1.4 Impact Of External Influences

Question 1

What is PESTLE analysis?

Answer 1

Evaluates the possible external influences and their potential impact upon the business?

Question 2

What does PESTLE stand for?

Answer 2

Political
Economic
Social
Technological
Legal
Environmental/Ethical

Question 3

What are the political factors?

Answer 3

The extent to which governmental decisions will impact the business.

Question 4

Economic factors?

Answer 4

The extent to which economic indicators are expected to directly impact businesses performance.

Question 5

Social factors?

Answer 5

The extent to which personal attitudes and values, culture and demographic change are expected to impact the business.

Question 6

Technological factors?

Answer 6

The extent to which technological change and innovation are expected to impact the business.

Question 7

Legal factors?

Answer 7

The extent to which changes in law and regulations are expected to impact the business.

Question 8

Environmental and Ethical factors?

Answer 8

The extent to which changes in law and regulations are expected to impact the business.