PESTEL analysis differs from the five forces analysis in that PESTEL analysis is used for:
A) analyzing a firm's strengths and weaknesses along with the opportunities and threats that exist in the firm's environment.
B) evaluating strategic groups in order to understand gaps in the industry that represent untapped opportunities.
C) analyzing how much profit potential exists in an industry.
D) evaluating profit potential of an organization's various business units or product lines.
E) organizing factors within the general environment and identifying how these factors influence industries and the firms within them.
Correct Answer:
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Q27: PESTEL reflects the names of the six
Q28: The analysis of strategic groups can reveal
Q29: Viable substitutes are available in all industries.
Q31: Farmers rely heavily on cheap labor provided
Q32: Which of the following segments of PESTEL
Q33: Buyers are less powerful when they face
Q34: Suppliers tend to be less powerful if
Q35: According to the Five Force Analysis, if
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