PESTLE analysis

Question 1

what does PESTLE stand for

Answer 1

poltiical
economic
social technological
legal
enviroemntal

Question 2

political

Answer 2

goverrnments policity on taxation e.g want to help smaller busiensses grow so reduce tax

introducting taxes on unhelathy products such as cigareetes

Question 3

economic

Answer 3

influnecs such as changes in consumer soecning, interest rates, exvhange rates
strong conomy, low levels of unemployment more likely to have steady income so more confident in spednign money on non-essential goods and services

Question 4

social

Answer 4

cghanges in consumer trends

e.g more concerned about health so fall in demand for sugary drinks

Question 5

technological

Answer 5

more efficine ttehconology emerging

Question 6

legal

Answer 6

differnt laws e.g more conerned on enviromental effects of pollution

Question 7

enviroemntal

Answer 7

consumers becoming more concerned with enviorment
e.g reducing amount of plastic akcgaing