Business MGMT Module 3 Review

Which PESTEL factor is how much government intrudes or is involved in an organization's operations?

• Political

• Economic

• Social

• Environemental

There are two E's in the PESTEL framework. Select the two options below that they stand for.

• Economic

• Evaluative

• Environmental

• Electronic

How a company is situated relative to its competitors is referred to as

• market share

• position

• competitive advantage

• brand leadership

From the list below, identify which factor DOES NOT form one of the six key areas of a PESTEL analysis

• Technological changes

• Ecological changes

• Education changes

• Political changes

Which of the following are considered political elements of PESTEL?

• Trading Tariffs

• Weather and climate

• Currency inflation

• Age and gender

What are the six elements of PESTEL?

• Peace, Elements, Search, Tape, Legal, and Environment

• Power, Environment, Science, Teaching, Legal, and Education

• Paper, Element, Savings, Trust, Labels, and Entry

• Political, Economic, Social, Technological, Legal, and Environmental

Why is the PESTEL analysis called "Environmental Scanning"?

• Because it looks at climate change

• Because it scans the environment for potential positive and negative factors

• Because it is done on computer

• Because it compares organizations against each other

The country's unemployment rate is an external force impacting which environment?

• Economic

• Social

• Political

• Environmenal

The Workplace Health and Safety legislation and codes of practice that a business must follow are

• Economic factors

• Environmental factors

• Political factors

• Legal factors

Differentiation strategy is best described as one in which firms seek a competitive advantage through:

• establishing their uniqueness

• having a lower cost than their competitors

• through concentrating on a narrow market segment

• achieving a match between their internal and external environments