External Factors Revision Flashcard

Front

What external factor would a change in minimum wage fall under? Options: Political, Social, Environmental, Technological

Back

Political

Front

What external factor would a rise in inflation fall under?

Back

Economic

Front

Changes in climate can affect the price of coffee beans, making it an environmental factor for a café.

Back

True

Front

A business that invests in recycling technology to reduce waste is responding to which factor?

Back

Environmental

Front

If a restaurant starts offering more vegetarian options to meet customer demand, which PESTEC factor does this respond to?

Back

Social

Front

Which factor is most directly impacted if a competitor introduces a loyalty program?

Back

Competitive

Front

An economic recession might lead to higher customer spending.

Back

False

Front

Which external factor would include a new law increasing taxes on sugary drinks?

Back

Political

Front

Rising interest in healthy eating trends would most likely affect which type of business? Options: Fashion Retailer, Book store, Fitness Centre, Fast Food Restaurant

Back

Fast Food Restaurant

Front

What factor would advancements in e-commerce technology fall under?

Back

Technological