BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Time
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Technology
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Training
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Talent
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Detailed explanation-1: -The letter ‘T’ in PEST analysis stands for technology. As we all know, technology changes very rapidly, and consumers are hungry to adopt new technology.
Detailed explanation-2: -PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors.
Detailed explanation-3: -Answer» B. Technology. View all MCQs in: Entrepreneurship Development (ED)
Detailed explanation-4: -In PESTLE analysis, technological factors are variables which relate to the existence, availability, and development of technology. This could include things from computational power to engine efficiency.
Detailed explanation-5: -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.