External Environment

Question 1

What is the external environment?

Answer 1

Factors that affect a business which are beyond its control.

Question 2

What is PESTLE?

Answer 2

All of PESTLE are factors that will have an impact on a business beyond its control

Question 3

What does PESTLE stand for?

Answer 3

P - Political
E - Economic
S - Social
T - Technological
L - Legal
E - Environment

Question 4

What else could impact a business that isn’t involved in PESTLE?

Answer 4

Another external impact that the business has no control over is COMPETITION, but competition is now apart of PESTLE