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WorksheetsInt, Ext Factors and Stakeholders
Total questions: 27
Worksheet time: 16mins
What does the P in PESTEC stand for?
Political
Party
Profit
Partial
What does the first E in PESTEC stand for?
Economic
Environment
Education
Exchange
What does the S in PESTEC stand for?
Social
Sales
Support
Supplier
What does the T in PESTEC stand for?
Technological
Time
Training
Teaching
What does the last E in PESTEC stand for?
Economic
Employees
Environment
Ethos
What does the C in PESTEC stand for?
Company
Competitive
CEO
Capital
Who has the power over political factors?
Businesses
The Government
Rishi Sunak
Hamza Yousaf
A ski resort can't sell passes because there is no snow. What external factor is this?
Political
Economic
Environment
Social
Unemployment is at an all time high. What external factor is this?
Political
Economic
Competitive
Technological
External factors can have both a positive and negative affect on a business.
True
False
During this topic it is important that you have an understanding of the terms (more than 1 answer)
Interest
Insight
Impact
Influence
External influences on a business refer to
Factors that are good for the business
Factors that are bad for a business
Factors that are outside the control of the business
Illegal actions by a business
A boom period in the economy is when.....
a fall in demand for goods and services
an increase in demand for goods and service
no change in the demand for goods and services
When there is a period of recession, the public generally have....
less money to spend
more money to spend
same amount of money to spend
The canals of Venice being less pollurted during the global lockdown is an example of an....
political factor
environmental factor
economic factor
social factor
The introduction of legislation for the minimum alcohol pricing in Scotland is an example of a ......
social factor
political factor
social factor
technological factor
During the lockdown, when the work from home orders were introduced many businesses and organisations had to invest in their networks to ensure staff could work from home effectively, this is an example of a ...
social factor
environmental factor
technological factor
What does “external factors” mean?
Factors that are controlled inside the business
Factors that are not controlled inside the business
Outside factors that can not be controlled by the business
Periods of growth in the economic cycle are known as...
Recession
troughs
busts
booms
An external factor that refers to how innovation and development are evolving and the impact that has on the industry.
Social
Legal
Environmental
Technological
Unemployment rates, inflation rates, interest rates are some examples of what factor:
Political
Social
Legal
Economic
Which of these external factors is likely to help reduce production costs?
social
political
environmental
technological
In internal factor which affects a business is......
Political
Social
Finance
Technological
The internal factor which is concerned with staff is....
Marketing
Human Resources
Finance
Operations
A person, organisation or group that has an interest in the success of an organisation is....
Stakeholder
Shareholder
Examples of stakeholders are.....
Customers
Government
Employees
Suppliers
Stakeholders have an interest., ? and ? in businesses.....
Influence
Impact
Identity
Intelligence
