IB Business Management - BMT - STEEPLE Analysis Quiz

What does the 'S' in STEEPLE stand for?

• Security

• Social

• Sustainability

• Scientific

Which of the following factors would be considered under the 'Technological' aspect of STEEPLE?

• Consumer buying habits

• Automation and robotics

• Inflation rates

• Political stability

An increase in health consciousness among consumers would be analyzed under which factor in a STEEPLE Analysis?

• Political

• Economic

• Social

• Legal

Which of the following would fall under 'Economic' factors in a STEEPLE Analysis?

• Interest rates

• Recycling regulations

• Political stability

• Technological advancements

What kind of factor is climate change in a STEEPLE Analysis?

• Ethical

• Social

• Environmental

• Political

Changes in laws related to employment rights would be categorized under which STEEPLE factor?

• Political

• Technological

• Legal

• Economic

A company investing in research and development for new products would be responding to which factor in a STEEPLE Analysis?

• Legal

• Technological

• Ethical

• Social

How would a business use a STEEPLE Analysis in strategic planning?

• To analyze only internal factors affecting the business

• To evaluate external influences and plan accordingly

• To determine financial performance

• To monitor only consumer buying habits

Which of the following is a Political factor in a STEEPLE Analysis?

• New environmental protection laws

• A government introducing new trade tariffs

• Advances in artificial intelligence

• Changes in ethical business standards

What does the 'E' in STEEPLE stand for when referring to the factor related to societal expectations that go beyond regulations and laws?

• Environmental

• Economic

• Ethical

• None of the above