PESTLE

Question 1

PESTLE

Answer 1

A model that describes external influences and constraints that impacts the management of products and services. Political, Economic, Social, Technological, Legal, Environmental.

Question 2

Political

Answer 2

Factors related to government controls and influences over the economy and industry.

Question 3

Economic

Answer 3

Factors that impact long-term prospects in a market. Influences prices and supply and demand.

Question 4

Social

Answer 4

Demographic and cultural factors that impact peak buying periods, purchasing habits, and lifestyle choices. Impacts hos people will engage with products and services.

Question 5

Technological

Answer 5

Innovations in technology may affect the market and consumer choices and buying power.

Question 6

Legal

Answer 6

The legal and regulatory environment can affect the policies and procedures of an industry and can control: employment, safety, and regulations.

Question 7

Environmental

Answer 7

Factors relating to the physical environment and to general environmental protection requirements.