Pestec Flashcards
1
Q
Political factors
A
Laws, income tax rates, vat rates, corporation tax
2
Q
Economic factors
A
Arise from the state of the economy. Economic activity is called economic cycle. Examples are interest rates, recession, fiscal policy
3
Q
Social factors
A
Demographics, work life balance, flexible working
4
Q
Technology factors
A
Cloud computing, e-commerce, WiFi, 4G
5
Q
Environmental factors
A
Can arise from natural impact on organisations or if the business acts ethically. Adverse weather conditions, carbon footprint
6
Q
Competitive factors
A
Locating near a competitor, competitors launching new products, competition policy, ethical competition
