pestel

Question 1

what does pestel stand for

Answer 1

political , economic ,social , technological , legal/legislation , ethical/environment

Question 2

what is pestel

Answer 2

framework for assessing key features of external environment facing a business

Question 3

political

Answer 3

decisions taken by the government

Question 4

example of political

Answer 4

tax , business policy , competition policy , industry regulation

Question 5

example of economic

Answer 5

interest rates , consumer spending /income , exchange rates , business cycle

Question 6

example of social

Answer 6

demographic change, impact pressure groups ,customer taste an passion ,changing lifestyles

Question 7

example of technological

Answer 7

adoption of mobile technology,new production process,big data and dynamic pricing

Question 8

example of legal/legislation

Answer 8

employment law, minimum living wage , health and safety laws,environmental legislation

Question 9

example of enviromental /ethical

Answer 9

sustainability , tax practices, ethical sourcing ,pollution and carbon emissions