(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 andSA if it describes SWOT ANALYSIS. In 1 to 2 sentences, explain your answer. Use theanswer 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 StrategiesPEST ANALYSIS-IDENTIFYING THREATS AND OPPORTUNITIESECONOMICPOLITICAL slow-purchasing-rules, regulations, laws, policiespower, capital outlay,interest rates, tariff rates,inflation, currency exchange rates,employment-unemployment ratesSOCIOCULTURALTECHNOLOGICAL-people's preferences, needs,demographics, attitudes towardusing a product or service,cultural backgrounds anddiversity-related to technologicalinnovation, incentives forinvestments, pace of technologicaltransformationPEST Analysis is often linked with SWOT Analysis. However, the two tools have different areas offocus. PEST Analysis looks at "big picture" factors that might influence a decision, a market, or a potentialnew business. SWOT Analysis explores these factors at a business, product-line or product level.SWOT ANALYSIS-IDENTIFYING EXTERNAL AND INTERNAL FACTORSSWOT 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.STRENGTHSOPPORTUNITIESWhat interesting trends are youWhat do you do better thananyone else?aware of?WEAKNESSESTHREATSWhat could you improve?What obstacles do you face?PEST ANALYSISSWOT ANALYSIS

SWOT & PEST analysis - are the valuable mechanisms that deliver a valuable understanding of the…

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

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

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