BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -PEST focuses on external environmental factors that affect the business, whereas SWOT analysis focuses on both internal and external factors. PEST explores the political and legal landscape by looking at employment laws, political issues, taxes and regulations that impact the business.

Detailed explanation-2: -A SWOT analysis helps you assess internal factors that might affect your business (strengths and weaknesses) and external factors (opportunities and threats).

Detailed explanation-3: -Opportunities are external factors in your business environment that are likely to contribute to your success. Is your market growing and are there trends that will encourage people to buy more of what you are selling? Are there upcoming events that your company may be able to take advantage of to grow the business?

Detailed explanation-4: -The two internal elements of SWOT analysis are strengths and weakness. The acronym SWOT stands for Strengths, Weaknesses, Opportunities and Threats.

Detailed explanation-5: -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.