External Factors Revision Quiz

What external factor would a change in minimum wage fall under?

• Political

• Social

• Environmental

• Technological

What external factor would a rise in inflation fall under ?

• Competitive

• Economic

• Technological

• Political

Changes in climate can affect the price of coffee beans, making it an environmental factor for a café.

• True

• False

A business that invests in recycling technology to reduce waste is responding to which factor?

• Environmental

• Social

• Technological

• Political

If a restaurant starts offering more vegetarian options to meet customer demand, which PESTEC factor does this respond to?

• Political

• Environmental

• Competitive

• Economic

• Social

Which factor is most directly impacted if a competitor introduces a loyalty program?

• Political

• Environmental

• Competitive

• Social

An economic recession might lead to higher customer spending.

• True

• False

Which external factor would include a new law increasing taxes on sugary drinks?

• Environmental

• Political

• Economic

• Competitive

Rising interest in healthy eating trends would most likely affect which type of business?

• Fashion Retailer

• Book store

• Fitness Centre

• Fast Food Restaurant

What factor would advancements in e-commerce technology fall under?

• Political

• Economic

• Social

• Technological