Examlex
Political factors must be considered when performing PESTEL analysis. The factors include ________.
Shortage
Occurs when the demand for a product or service exceeds its supply in a given market, often leading to increased prices.
Industrial Nations
Industrial nations are countries that have highly developed industries and infrastructure, typically with advanced technological capabilities and high standards of living.
Hurricane Katrina
Hurricane Katrina was a devastating Category 5 hurricane that struck the Gulf Coast of the United States in August 2005, causing widespread destruction and significant loss of life.
Supply of Oil
The total volume of oil that producers are willing to sell at various price levels during a certain time period.
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