Int, Ext Factors and Stakeholders

What does the P in PESTEC stand for?

• Political

• Party

• Profit

• Partial

What does the first E in PESTEC stand for?

• Economic

• Environment

• Education

• Exchange

What does the S in PESTEC stand for?

• Social

• Sales

• Support

• Supplier

What does the T in PESTEC stand for?

• Technological

• Time

• Training

• Teaching

What does the last E in PESTEC stand for?

• Economic

• Employees

• Environment

• Ethos

What does the C in PESTEC stand for?

• Company

• Competitive

• CEO

• Capital

Who has the power over political factors?

• Businesses

• The Government

• Rishi Sunak

• Hamza Yousaf

A ski resort can't sell passes because there is no snow. What external factor is this?

• Political

• Economic

• Environment

• Social

Unemployment is at an all time high. What external factor is this?

• Political

• Economic

• Competitive

• Technological

External factors can have both a positive and negative affect on a business.

• True

• False