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1. P E S T E L
ANALYSIS
PESTEL
Analysis
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3. PESTLE analysis answers 6 key questions
Political What are the political factors that are likely to affect the
business?
Economic What are the economic factors that will affect the
business?
Sociological What cultural aspects likely to affect the business?
Technological What technological changes that may affect the
business?
Legal What current and impending legislation that will affect the
business?
Environmental What are the environmental considerations that may
affect the business?
PESTEL Analysis
4. It is terribly crucial for one to know the whole depth of
every of the letters of the PESTLE. it's as below
Political factors
Politics plays a very important role in business. this is often as a result of
there's a balance between systems of management and free markets. As
international social science supersedes domestic economies, firms should take
into account numerous opportunities and threats before increasing into new
regions.
Political factors embody tax policies, economic policy, trade tariffs etc.
It conjointly applies to corporations distinctive best areas for production or
sales. Political factors might even facilitate verify the placement of company
headquarters. For instance a government might impose a replacement tax or
duty thanks to that entire revenue generating structures of organizations may
amendment.
PESTEL Analysis