PESTLE Analysis (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Which six categories does PESTLE analysis examine to evaluate external factors affecting businesses?
Which six categories does PESTLE analysis examine to evaluate external factors affecting businesses?
Political, Economic, Social, Tech, Legal, Env
What is the primary effect when interest rates decrease for businesses?
What is the primary effect when interest rates decrease for businesses?
Lower loan costs, increased profitability
What are pressure groups in the political business environment?
What are pressure groups in the political business environment?
Campaigns to influence government or opinion
Which products are examples of income elastic goods that suffer most during recessions?
Which products are examples of income elastic goods that suffer most during recessions?
Cars, holidays, white goods, computer games
How do ageing populations in developed countries create business opportunities?
How do ageing populations in developed countries create business opportunities?
New demand in healthcare, retirement, leisure
What major challenge does rapid technological change create for businesses?
What major challenge does rapid technological change create for businesses?
Shorter product life cycles needing more R&D
What change did 2015 EU VAT legislation require for digital products?
What change did 2015 EU VAT legislation require for digital products?
VAT charged in customer's country not seller's
How does green consumerism benefit environmentally responsible businesses?
How does green consumerism benefit environmentally responsible businesses?
Market opportunities and premium prices
What characterizes highly competitive markets like London's restaurant industry?
What characterizes highly competitive markets like London's restaurant industry?
Many sellers, low entry barriers, minimal price control
What are barriers to entry in market competition?
What are barriers to entry in market competition?
Obstacles making it hard for new firms to enter