APBPF PESTEL Factors
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A set of vocabulary flashcards defining the business environment and the six individual PESTEL analytical factors.
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8 Terms
Business Environment
Includes changing factors that affect how businesses operate and compete.
Political Factors (PESTEL)
Government actions that affect businesses.
Economic Factors (PESTEL)
The overall performance of the economy, which influences how much consumers and businesses are willing and able to spend.
Social Factors (PESTEL)
Factors that reflect trends in society and culture.
Technological Factors (PESTEL)
Access to and use of technology that can lower costs and improve efficiency.
Environmental Factors (PESTEL)
Natural conditions and environmental concerns that affect production costs and consumer demand.
Legal Factors (PESTEL)
Laws and regulations that businesses must follow, where legal requirements affect operating costs and business practice.