Untitled Quiz

What does environmental scanning refer to?

• Studying a firm's internal environment

• Predicting environmental changes

• Analyzing competitors' strategies

• Developing new products

What factors are included in the macro-environment?

• Social and cultural trends, and environmental factors

• Technological advancements only

• Economic conditions only

• Political and legal regulations only

What is the purpose of conducting a PESTEL Analysis?

• To analyze customer feedback

• To identify external forces that may affect an organization

• To assess the micro-environment

• To identify internal strengths and weaknesses

Which of the following is NOT a political factor in PESTEL Analysis?

• Rising inflation rates

• Population growth

• Tax policies and rates

• Government incentives and spending

What do economic factors help organizations understand?

• Lifestyle changes

• Health consciousness

• Consumer spending patterns

• Cultural trends

Which of the following is a social factor?

• Cybersecurity and data protection

• Population growth

• Change in interest rate

• Rampant use of artificial Intelligence

What do technological factors help organizations understand?

• Supply of natural resources

• Cultural trends

• Level of innovation and digitalization

• Income levels

Which of the following is an environmental factor?

• Extreme climate change

• Political leadership

• Availability of credit

• Unemployment rate

What do legal factors include?

• Cultural trends

• Health and safety regulations

• Income levels

• Lifestyle changes

What is the micro-environment of a company?

• Factors that greatly impact the area, industry, and market

• Factors that affect the global economy

• Factors that influence the political environment

• Factors that are close to the company and impact its ability to serve customers