BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -PEST analysis stands for political, economic, social, and technological. This type of analysis is used to gauge external factors that could impact the profitability of a company.

Detailed explanation-2: -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-3: -The two common types of environmental analysis methods are the PESTLE analysis and SWOT analysis. These approaches help organizations assess their strategic positions based on a wide range of internal and external factors.

Detailed explanation-4: -PESTLE analysis is also known as PEST analysis. It refers to the political, economic, social, technological, legal and environmental factors of a business. Businesses use it to evaluate macroeconomic factors that influence their operations.

Detailed explanation-5: -SWOT analysis It involves looking at the strengths and weaknesses of your business capabilities, and any opportunities and threats to your business. Once you identify these, you can assess how to: capitalise on your strengths. minimise the effects of your weaknesses.