BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
This is the other term for environmental analysis.
A
SWOT analysis
B
PESTEL analysis
C
Industry analysis
D
Business analysis
Explanation: 

Detailed explanation-1: -The environmental segment involves the physical conditions within which organizations operate. It includes factors such as natural disasters, pollution levels, and weather patterns.

Detailed explanation-2: -An environmental analysis, also called an environmental scan, is a strategic tool used to identify and assess all external and internal elements in a business environment. It examines organizational and industry factors that can positively or negatively affect the business.

Detailed explanation-3: -A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making.

Detailed explanation-4: -(Also known as PESTLE, PESTEL, PESTLIED, STEEPLE, SLEPT and LONGPESTLE) Changes in your business environment can create great opportunities for your organization – and cause significant threats.

There is 1 question to complete.