Question

This component of an organization's external environment is concerned with interest rates and employment levels?

A) Demographic
B) Sociocultural
C) Technological
D) Economic

Answer 1

D) Economic

Step-by-step explanation:

When conducting a PESTLE (Political, Economic, Sociocultural, Technological and Economic) analysis of an organization's external environment, it is common to relate some terms to a specific component.

In this example, interest rates and employment levels are related to the economic factor. Interest rates are associated with loans and mortgages, while employment levels are a factor in labor. These are the topics analysed in economics.