Which of the Following Is Not One of the Principal

question 25

Multiple Choice

Which of the following is not one of the principal components of strategic significance in the PESTEL analysis?

• A)Technological factors that include the pace of change and technical developments possessing the potential to impact society
• B)Changes in laws and regulations that give rise to the birth of new industries,new knowledge,and disruptive technologies
• C)Economic conditions that include the general economic climate and specific factors such as interest rates,inflation rate,and unemployment rate,as well as conditions in the stock and bond markets that can affect consumer confidence
• D)Sociocultural forces including societal values,attitudes,cultural factors,and lifestyles that impact business
• E)Environmental forces that include the competitive structure,the degree of industry fragmentation,and the mobility barriers that inhibit business

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Definitions:

Frosty Mug

A mug that has been chilled or frozen to keep beverages cold for a longer period, enhancing the drinking experience.

Purchasing

The act of acquiring goods or services to fulfill the needs of an individual or organization.

Car

A wheeled motor vehicle used for transportation, typically powered by an internal combustion engine or electric motor.

Necessity Recognition

A rephrased definition of Need Recognition; it is the first step in the purchasing decision process, where a consumer realizes a vital requirement that needs to be fulfilled.