PESTEL and Industry

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 PESTLE?

• Visa requirements and trading tariffs.

• Weather and climate

• Currency inflation and interests rates.

• Age and gender.

How does PESTLE help your strategic development team?

• It helps you to identify the strengths of your company.

• It helps you to find solutions to problems, create marketing strategies, and stay ahead of your competition.

• It helps you to find the weaknesses of your company.

• It helps you to see how your company's financial well-being is affecting the environment.

Why is 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 a computer

• Because it compares organisations against each other

The countries unemployment rate is an external force impacting on which environment?

• Economic

• Social

• Politic

• Environmental

The Work Place Health and Safety legislation and codes of practice that a business must consider are....

• Economic factors

• Environmental factors

• Political factors

• Legal factors

Consumer tastes is which type of PESTEL factor?

• Technological

• Political

• Environmental

• Ethical

• None are correct

Sugar tax is an example of which PESTEL factor?

• Economical

• Legal

• Political

• Social

An increase in Minimum wage may impact a business because…

• It will increase profits

• It will increase total costs of the business

• It will increase consumer products

• It will increase customers