External Environment Flashcards
1
Q
What is the external environment?
A
Factors that affect a business which are beyond its control.
2
Q
What is PESTLE?
A
All of PESTLE are factors that will have an impact on a business beyond its control
3
Q
What does PESTLE stand for?
A
P - Political
E - Economic
S - Social
T - Technological
L - Legal
E - Environment
4
Q
What else could impact a business that isn’t involved in PESTLE?
A
Another external impact that the business has no control over is COMPETITION, but competition is now apart of PESTLE
