Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

business theme 3 > Impact Of External Influences > Flashcards

Impact Of External Influences Flashcards

1
Q

What is pestle

A 
Political
Economic
Social
Technical
Legal 
Environmental

Shows external factors that could affect a business

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are porters 5 forces

A 
Rivalry amongst competitors 
Threat of new entrants 
Bargaining power of suppliers
Bargaining power of buyers 
Threat of substitutes
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Why is porters 5 forces useful

A

Shows where the power lies in a market
Allows a business to exploit their power
Used to investigate competition within a market

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

business theme 3 (12 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions