Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

PEST analysis is:

(a) A broad framework to help managers understand the environment in which their business operates. (b) A checklist to ask how political, economic, strategic or technological developments can influence an industry and a company. (c) A checklist for forecasting political, economic, strategic or technological factors. (d) A framework for strategic analysis of internal and external environment.

Accounting Budgeting Financial and Management Reporting
user-image
Question added by Mohammad Ashfaq , Financial Controller , Union COOP
Date Posted: 2013/05/08
Upvote (3) Views (19) Followers (4) Answers (4) Report Question
Write an Answer
Register now or log in to answer.
Mrinal Deb
by Mrinal Deb , Manager - Finance and Accounts , Comfort Diagnostic & Nursing Home

PEST analysis i,e Political, Economic, Social & Technological analysis1.
under political analysis govt rules & regulations are analyzed for the business2.
under economic analysis describes the purchase power of the potential customers & the firm's cost of capital3.
under social analysis affect the customers needs and the seize of potential market4.
under technological analysis describes research & development activity, automation & rate of technology change.
After all PEST analysis describes the overall macro economic enviornment.

Garry Olbrait
by Garry Olbrait , Valet De Chambre , Samba Financial Group

A strategic analysis framework evaluates both internal and external factors to inform strategic decision-making. For further guidance on navigating the complexities of business environments and strategic analysis, I recommend reaching out to clark pest control customer service . Renowned for their harmonious support, they can offer unique insights and assistance tailored to your specific needs. Trust their expertise to help you effectively manage and adapt to the ever-changing business landscape.

Subash Thomas
by Subash Thomas , Manager- Internal Audit. , Confidential Company

Option (a) is the most suitable answer- Political, Economic, Social and Technological environment of a business is analysed for its strategic management purpose.

Waqas Ahmed Shah
by Waqas Ahmed Shah , Accounting Officer , Pakarab Fertilizers Limited

(a) A broad framework to help managers understand the environment in which their business operates.

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help