Homework Help is Here – Start Your Trial Now!
Business
Management
Directions: Identify the numbered statements below and write PA if it describes PEST ANALYSIS and SA if it describes SWOT ANALYSIS. In 1 to 2 sentences, explain your answer. Use the answer sheet provided. 1. It gives emphasis on the laws and regulations of the business environment. 2. It gives importance to the things that interest the business environment. 3. It gives space or room for the business environment to improve. 4. It gives technological advancement to business environment.

Directions: Identify the numbered statements below and write PA if it describes PEST ANALYSIS and SA if it describes SWOT ANALYSIS. In 1 to 2 sentences, explain your answer. Use the answer sheet provided. 1. It gives emphasis on the laws and regulations of the business environment. 2. It gives importance to the things that interest the business environment. 3. It gives space or room for the business environment to improve. 4. It gives technological advancement to business environment.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
See similar textbooks
icon
Related questions
Question
100%
(5) Please help me answer this one. Please refer to the subsequent picture for your guide and notes in answering the given questions. Read the directions and instructions very carefully.
Directions: Identify the numbered statements below and write PA if it describes PEST ANALYSIS and SA if it describes SWOT ANALYSIS. In 1 to 2 sentences, explain your answer. Use the answer sheet provided. 1. It gives emphasis on the laws and regulations of the business environment. 2. It gives importance to the things that interest the business environment. 3. It gives space or room for the business environment to improve. 4. It gives technological advancement to business environment.
Transcribed Image Text:Directions: Identify the numbered statements below and write PA if it describes PEST ANALYSIS and SA if it describes SWOT ANALYSIS. In 1 to 2 sentences, explain your answer. Use the answer sheet provided. 1. It gives emphasis on the laws and regulations of the business environment. 2. It gives importance to the things that interest the business environment. 3. It gives space or room for the business environment to improve. 4. It gives technological advancement to business environment.
PEST and SWOT Strategies PEST ANALYSIS-IDENTIFYING THREATS AND OPPORTUNITIES ECONOMIC POLITICAL slow-purchasing -rules, regulations, laws, policies power, capital outlay, interest rates, tariff rates, inflation, currency exchange rates, employment-unemployment rates SOCIOCULTURAL TECHNOLOGICAL -people's preferences, needs, demographics, attitudes toward using a product or service, cultural backgrounds and diversity -related to technological innovation, incentives for investments, pace of technological transformation PEST Analysis is often linked with SWOT Analysis. However, the two tools have different areas of focus. PEST Analysis looks at "big picture" factors that might influence a decision, a market, or a potential new business. SWOT Analysis explores these factors at a business, product-line or product level. SWOT ANALYSIS-IDENTIFYING EXTERNAL AND INTERNAL FACTORS SWOT Analysis is identifying external and internal factors, it is also known as a situational analysis. SWOT main purpose is to understand the current and potential environments. STRENGTHS OPPORTUNITIES What interesting trends are you What do you do better than anyone else? aware of? WEAKNESSES THREATS What could you improve? What obstacles do you face? PEST ANALYSIS SWOT ANALYSIS
Transcribed Image Text:PEST and SWOT Strategies PEST ANALYSIS-IDENTIFYING THREATS AND OPPORTUNITIES ECONOMIC POLITICAL slow-purchasing -rules, regulations, laws, policies power, capital outlay, interest rates, tariff rates, inflation, currency exchange rates, employment-unemployment rates SOCIOCULTURAL TECHNOLOGICAL -people's preferences, needs, demographics, attitudes toward using a product or service, cultural backgrounds and diversity -related to technological innovation, incentives for investments, pace of technological transformation PEST Analysis is often linked with SWOT Analysis. However, the two tools have different areas of focus. PEST Analysis looks at "big picture" factors that might influence a decision, a market, or a potential new business. SWOT Analysis explores these factors at a business, product-line or product level. SWOT ANALYSIS-IDENTIFYING EXTERNAL AND INTERNAL FACTORS SWOT Analysis is identifying external and internal factors, it is also known as a situational analysis. SWOT main purpose is to understand the current and potential environments. STRENGTHS OPPORTUNITIES What interesting trends are you What do you do better than anyone else? aware of? WEAKNESSES THREATS What could you improve? What obstacles do you face? PEST ANALYSIS SWOT ANALYSIS
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON
SEE MORE TEXTBOOKS