BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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technological factors
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marketing factors
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social factors
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economic factors
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Detailed explanation-1: -Option “C” is correct i.e. competitor activity The factor competitor analysis should not be included in Pestle analysis. A PESTLE analysis is a context to analyze the key factors (Political, Financial, Sociological, Technical, Legal, and Environmental) manipulating an organization from the outside.
Detailed explanation-2: -PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. It allows a company to form an impression of the factors that might impact a new business or industry.
Detailed explanation-3: -In particular, PESTEL reflects the names of the six segments of the general environment: (1) political, (2) economic, (3) social, (4) technological, (5) environmental, and (6) legal.
Detailed explanation-4: -There are six elements to a PESTLE analysis: Political, Economic, Sociological, Technological, Legal, and Environmental.