External Factors Revision Quiz

An economic recession might lead to higher customer spending.

• True

• False

If a business starts using solar panels to reduce energy costs, which PESTEC factor is it responding to?

• Social

• Environmental

• Technological

• Competitive

Which external factor would include a new law increasing taxes on sugary drinks?

• Environmental

• Political

• Economic

• Competitive

If a local clothing store switches to digital advertising due to changing media consumption habits, which PESTEC factor does this reflect?

• Social

• Competitive

• Environmental

• Technological

What factor would advancements in e-commerce technology fall under?

• Political

• Economic

• Social

• Technological

An increase in disposable income for customers is an economic factor that could positively impact a retail business.

• True

• False

Changes in climate can affect the price of coffee beans, making it an environmental factor for a café.

• True

• False

Rising interest in healthy eating trends would most likely affect which type of business?

• Fashion Retailer

• Book store

• Fitness Centre

• Fast Food Restaurant

The introduction of a new competitor in the area is a technological factor.

• True

• False

What PESTEC factor does a government-imposed lockdown during a pandemic fall under?

• Economic

• Environmental

• Social

• Political