Pestle

Question 1

Name the industrial tool

Answer 1

PESTLE

Question 2

PESTLE

Answer 2

Political 
Economic 
Social 
Technological 
Legal 
Environment

Question 3

Political

Answer 3

Laws adopted by the state influence the way businesses operate
Individuals must state rule and regulations to obey

Challenge:
Political factors cause instability affecting the operation of the business
Overseas investors are happy to invest in economically stable and politically stable countries

Strategy:
Investigate different regulations of countries before planning any trading

Question 4

Physical

Answer 4

Refers to the availability of natural resources and sustainability of mineral resources
Various businesses depend on natural resources to produce or provide services

Challenges:
Some natural resources are scarce and expensive
External environmental factors are a threat to the sustainability of a business
Changes in weather influences the availability of natural resources

Strategy:
Use packaging that can be recycled to prevent and limit pollution