Discuss the Sociocultural Factors Managers Need to Consider in a PESTEL

question 58

Essay

Discuss the sociocultural factors managers need to consider in a PESTEL analysis.

Understand modern challenges to federalism such as immigration policy and same-sex marriage.

Analyze the constitutional effects of landmark Supreme Court cases on federalism.

Describe the nature and implications of New Federalism.

Understand the historical context and causes leading to the American Revolutionary War.

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Definitions:

Sales Increase

An upward movement in the volume or value of products or services sold by a company over a given period.

External Financing Needed

This is the amount of money a company needs to seek from external sources to finance its operations, growth, or expansions that cannot be funded through internal cash flow alone.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming year, such as buildings, machinery, and equipment.

Projected Sales

These are estimated sales figures based on current market trends, historical sales data, and other economic indicators, used for planning and forecasting by businesses.