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Business Studies

Significance of Management Principles

Which of the ...

Question

Which of the following tool considers external factors and helps to evaluate their impact on internal impact on internal business?

A

SWOT

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B

PESTLE

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C

PORTERS five forces model

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D

Environmental scanning

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Solution

The correct option is A PESTLE
PESTLE analysis is a useful tool for understanding the big picture of the environment in which an entrepreneur is planning to operate.PESTLE stands for Political, Economic, Sociological, Technological, Legal, and Environmental.

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