NSC Business Studies The purpose of the Acts: Name any FOUR components of the

Name any FOUR components of the PESTLE analysis - NSC Business Studies - Question 2 - 2019 - Paper 1

Question 2

Name any FOUR components of the PESTLE analysis. - Political - Economic - Social - Technological - Legal - Environmental

Worked Solution & Example Answer:Name any FOUR components of the PESTLE analysis - NSC Business Studies - Question 2 - 2019 - Paper 1

Step 1

96%

114 rated

Answer

The PESTLE analysis comprises the following components:

Political: This involves the influence of government policy and political stability on the business environment.
Economic: This refers to factors like economic growth, inflation rates, and currency exchange rates that can impact businesses.
Social: This examines cultural trends, demographics, and consumer behaviors that can influence market demand.
Technological: This includes the impact of technology innovations and developments on business operations.