109k views
0 votes
This is for my business class someone help please and thank you!

What factors beyond PEST do businesses look at?

1 Answer

3 votes

Answer:

Legal and environmental.

Step-by-step explanation:

PEST is a short form for political, economic, social, and technological factors. These are external factors likely to impact business performance. Entrepreneurs should analyze, understand them, and include their effects in business plans.

Other external factors that may affect business performance are legal and environmental.

For the legal factors, an entrepreneur should analyze the impact of possible changes in laws and legal interpretations on their businesses. In the environmental analysis, the entrepreneur should be aware of the industry's environmental regulations and restrictions. They should plan for possible changes in license limitations.

User Vijay Kansal
by
8.2k points