BMT3 STEEPLE Analysis

Identify the factor that is NOT part of STEEPLE

• Economic factors

• Social factors

• Labour factors

• Legal factors

Identify the factor that falls within the Social factor of STEEPLE

• Government regulations

• Unemployment

• Natural disasters

• Education levels

The value of one currency expressed in terms of another is known as?

• Exchange rates

• Interest rates

• Bank rates

• Currency rates

Identify the factor NOT part of the political factor of STEEPLE

• System of government

• Interest rates

• Tariffs

• Elections

GDP is?

• Growth Domestic Product

• Gross Domestic Product

• Growth Domestic Production

• Gross Demand Production

An aging population leads to all outcomes except?

• More people of government pension

• Change in the structure of the population

• Increasing birth rates

• Changing patterns of demand

Which factor does have a technological influence on a business?

• Little technology

• Little data

• Big technology

• Big data

Identify the best definition of inflation

• the rate of change in average wage levels

• The decrease in the value of a currency

• The rate of change in average prices

• The increase in the cost of borrowing

Identify the factor NOT part of the environmental factors of STEEPLE

• Sustainable production

• Natural disasters

• Weather events

• Depletion of natural resources

Identify the legal influence on a business

• Consumer protection law

• Child labour

• Trade policies

• Government structure