The main focus for this question is about the rise of old clothes in fashion and how it helps us save the environment with Recycling and up cycling. Very confused, any help is will be good T.Id PageInsertTableChartTextShapeMedia Comment+ Comment2 Highlight32. Using the PESTEL model as a guide, demonstrateknowledge and understanding of why the Environmental,Social, Technological and Economic factors will have aninfluence upon the business (Chic & Unique), providingcited material.2.1. Economic2.2. Social2.3. Technological2.4. Environmental

Answered: T. Id Page Insert Table Chart Text…

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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Question

The main focus for this question is about the rise of old clothes in fashion and how it helps us save the environment with Recycling and up cycling. Very confused, any help is will be good

T.
Id Page
Insert
Table
Chart
Text
Shape
Media Comment
+ Comment
2 Highlight
3
2. Using the PESTEL model as a guide, demonstrate
knowledge and understanding of why the Environmental,
Social, Technological and Economic factors will have an
influence upon the business (Chic & Unique), providing
cited material.
2.1. Economic
2.2. Social
2.3. Technological
2.4. Environmental

Expert Solution

Step 1

Business environment refers to all those internal and external factors that affects the functioning of the company directly or indirectly. In order to examine all these factors and make proper strategic decision Environmental Analysis plays a key role, it is an analysis which is used to evaluate all the internal and external that can affect the performance of the organization.