- 10 Marks
BMIS – Nov 2023 – L1 – Q5b – The external environment
Describe how each element of the PEST Analysis (Political, Economic, Socio-cultural, Technological) influences an organization's operations.
Question
The PEST Analysis is a strategic tool used for generating information about how the business environment operates and influences the operations of an organisation.
Required:
Describe how each element in the analysis influences an organisation’s operations.
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