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WorksheetsExternal Factors in Business: PESTEC Assessment
Total questions: 15
Worksheet time: 8mins
What does the acronym PESTEC stand for in relation to external business factors?
Performance, Economics, Social, Technology, Environment, Competition
Political, Economic, Social, Technological, Environmental, Competitive
Production, Efficiency, Sales, Technology, Environment, Customers
Planning, Evaluation, Strategy, Tactics, Execution, Control
Which of the following is an example of a political external factor?
Changes in consumer fashion preferences
Increased competition from online retailers
New government legislation
Rising unemployment rates
How might inflation affect a business?
By changing consumer fashion preferences
By increasing the cost of raw materials
By making online sales easier
By reducing the need for human workers
Which external factor is most directly related to changes in taste and fashion?
Political
Economic
Social
Technological
Automation in factories is an example of which type of external factor?
Political
Economic
Social
Technological
A growing interest in recycling and being "green" would be classified as which type of external factor?
Social
Technological
Environmental
Competitive
When a rival company lowers its prices, this is an example of which external factor?
Economic
Competitive
Social
Technological
Weather conditions affecting sales or production is an example of which external factor?
Economic
Social
Environmental
Competitive
How might an increase in unemployment rates impact a business?
Customers may have less money to spend
Production costs may increase
Online sales may become more difficult
None of the above
The ability to sell goods online is an example of which external factor?
Political
Economic
Social
Technological
Which statement best describes how external factors can affect a business?
External factors always have a negative impact on business
External factors always have a positive impact on business
External factors can have both positive and negative impacts on business
External factors rarely have any significant impact on business
An increase in spending power among older people would be an example of which external factor?
Political
Economic
Social
Technological
Which of the following would NOT be considered a technological external factor?
Implementing a new online ordering system
Using robots in manufacturing
Changes in consumer preferences
Developing a mobile app for customers
A new tax on certain products would be an example of which external factor?
Political
Economic
Social
Environmental
How might a business respond to negative impacts from external factors?
By ignoring the changes and continuing with existing strategies
By adapting their business model to accommodate the changes
By focusing exclusively on internal factors
By only considering one type of external factor
