Match List I with List II
|
LIST I |
LIST II |
|
A. Political |
I. interest rates |
|
B. Social |
II. taxation policy |
|
C. Economic |
III. income distribution |
|
D. Technological |
IV. new Discoveries |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is option (2) - A-II, B-III, C-I, D-IV
The PESTEL Model
Political: The political environment includes taxation policy, government stability and foreign trade regulations.
Economic: The economic environment includes interest rates, inflation, business cycles, unemployment, disposable, income, energy, availability and cost.
Social: The social/cultural environment includes population demographics, social mobility, income distribution, lifestyle changes, attitudes to work and leisure, levels of education and consumerism.
Technological: It is influenced by government spending on research, new discoveries and development, government and industry focus of technological effort, speed of technological transfer and rates of obsolescence.
Ecological: It considers the ways in which the organisation can produce its goods or services with minimum environmental damage.
Legal: It covers areas such as taxation, employment, law, monopoly, legislation and environmental protection laws.