One of the principal components of strategic significance in the PESTEL analysis is environmental forces that include the competitive structure, the degree of industry fragmentation, and the mobility barriers that inhibit business. Question 8AnswerTrueFalse

Use the PESTEL analysis framework to identify and discuss the external factors that impact the business operations. These factors may include political, economic, social, technological, environmental, and legal aspects.

What are the benefits of using PESTEL analysis in this situation?Group of answer choicesPESTEL is widely used to analyse the firms internal resources and capabilitiesPESTEL analyses the external environment affecting the industry. This provides a holistic view of potential strategic drivers and barriersPESTEL analysis helps to better understand critical success factorsPESTEL is well suited in identifying the competitive forces faced by newcomers

What does PEST analysis evaluate in business?Question 11Select one:a.Political, Economic, Social, Technological factorsb.Product, Efficiency, Sales, Targetsc.People, Environment, Sales, Technologyd.Profit, Expenses, Sales, Targets

In relation to the PESTEL framework, which of the following statements is correct? It assists in the assessment of organisational strengths and weaknesses. It allows a detailed analysis of the structure of an industry. It can be used as a checklist to understand the different environmental influences in the macro environment. Takes an historical perspective on the main political, economic, sociocultural, technological, environmental and legal factors

describe, with examples, how macro forces(PESTEL) impact marketing activityPolitical, legal and regulatory forces:economic forces:socio-cultural forces:technological forces:environmental forces: