External Factors Flashcards
External factors, and their effect
1
Q
What are the P.E.S.T.L.E factors?
A
Political
Economical
Social
Technological
Legal
Environmental
2
Q
Changes that would be a political factor?
A
- Government
- Monetary policy
- Fiscal policy
3
Q
Examples of economical factors?
A
- Labour market changes like costs and interest rates
4
Q
What are the 2 changes that are social factors?
A
- Trends
- Demographics
5
Q
What kind of technology could change to be a technological factor?
A
- Mobile technology
- Social networking
- SOftware developments
6
Q
Introducing or changing a legislation is what kind of factor?
A
Legal factor
7
Q
What are examples of environmental factors?
A
Ethical practices - reducing carbon footprints and waste loss
Rise in importance of sustainability
8
Q
A
