PESTLE analysis

Environmental Analysis is a special term that refers to the process of looking at the external socioeconomic issues in a business.

• TRUE

• FALSE

PESTLE is not used in analyzing potential economic problems that may arise in small businesses that are about to established or are already established.

• TRUE

• FALSE

P for the PESTLE mnemonic stands for

• Political

• Principal

• Phenomenon

• None of the above

Political factors are usually bigger picture topics such as tax policy, trade policy, or foreign trade policy, whereas legal factors tend to be more specific and relate to topics such as discrimination laws, antitrust laws, or intellectual property laws

• TRUE

• FALSE

I am concerned with which where I am to establish my business. What Part of the PESTLE analysis am I to look at?

• Political

• Environmental

• Legal

• Technological

The method of manufacturing products are now outdated and takes a lot of time to produce and therefore causing me money. What part of the PESTLE analysis could have helped me with this specific problem?

• Political

• Enviromental

• Technological

• Legal

PESTLE analysis does not encourage strategic thinking

• TRUE

• FALSE

We look at the current trend of the country's economic growth or lack thereof. Which part of the PESTLE analysis concerns with this aspect?

• Political

• Environmental

• Technological

• None of the above

Acquiring permits in establishing a business is a concern of what part of the PESTLE analysis?

• Legal

• Political

• Economic

• None of the above

With a PESTLE analysis beforehand, you can foresee possible problems that may come your way before they do and come up with contingencies or even avoid it altogether.

• TRUE

• False