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A-Level Business 101 > LO6 - Understand the external influences and constraints on businesses and how businesses could respond > Flashcards

LO6 - Understand the external influences and constraints on businesses and how businesses could respond Flashcards

1
Q

What does STEEPLE stand for

A
  1. Social
  2. Technological
  3. Economic
  4. Environmental
  5. Political
  6. Legal
  7. Ethical
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2
Q

‘S’, and examples

A

Social factors:
Demographic issues (gender, age, race)
Attitudes to work
Disposable income
Social trends
Cultural beliefs

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3
Q

‘T’, and examples

A

Technological factors:
Automation
Communication
Purchasing/sales
Mobile

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4
Q

Economic factors and examples

A

Tax
Interest rates
Exchange rates
Inflation
Unemployment

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5
Q

Environmental factors

A

Energy management
Carbon emissions
Waste reduction
Recycling
Pollution

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6
Q

‘P’, and examples

A

Political factors:
Political instability
Change of government
Government initiatives

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7
Q

‘L’, and examples

A

Legal factors:
Legislations

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A-Level Business 101 (10 decks)

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