PESTELS Analysis 30 March 2023 1 Min Read Last Update: 11 April 2023 Quiz Time Welcome to PESTELS Analysis Quiz You can practice as many times as you want until you get all the answers 100% right. Let's get Started Which of the following is an example of a political factor in South Africa that can impact businesses? Consumer confidence and spending patterns Technological advancements and innovation Climate change and natural disasters Taxation policies Which of the following is an example of a social factor in South Africa that can impact businesses? Technological advancements and innovation Environmental regulations and policies Demographics and population trends Health and safety laws and regulations Which step of the PESTEL analysis involves evaluating how each factor may affect the organization’s operations, customers, suppliers, competitors, and other stakeholders? Prioritize the factors Develop a strategic plan Gather relevant information Analyze the impact What is the first step involved in conducting a PESTEL analysis? Gather relevant information Prioritize the factors Identify the PESTEL factors Develop a strategic plan What is the purpose of the gather relevant information step in a PESTEL analysis? To identify the external macro-environmental factors that may affect the organization To prioritize the PESTEL factors To evaluate how each factor may affect the organization’s operations To conduct research and gather relevant data on each PESTEL factor What is a PESTEL analysis used for? To analyze an organization’s internal factors To analyze an organization’s external macro-environmental factors To identify an organization’s strengths and weaknesses To develop an organization’s financial plan for the purposes of analysis 1 out of 6 Time is Up! Time's up Like what you read? Subscribe to our Newsletter Submit Subscribe to our email newsletter to get the latest posts delivered right to your email.