External Factors Flashcards
1
Q
how may external factors are there?
A
six
2
Q
name the first letter of them all in order?
A
P E S T E C
3
Q
what does the P stand for?
A
political
4
Q
what does the E stand for?
A
economic
5
Q
what does the S stand for?
A
social
6
Q
what doe the T stand for?
A
technology
7
Q
what doe the E stand for?
A
environment
8
Q
what does the C stand for?
A
competitive
9
Q
what is a political factor?
A
a decision made and actions taken by the government, either at a local or national level
10
Q
what is a economic factor?
A
a factor which can arise from the state of the economy
11
Q
what is a social factor?
A
ways is which society changes and the need for businesses to adapt in the same way
