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Which of the following environments are included in a STEEPV analysis?

A.Economic
B.Philosophical
C.Scientific
D.Technological

User Ceyda
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1 Answer

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Final answer:

In a STEEPV analysis, 'Economic' and 'Technological' are the correct environments included from the options provided. 'Philosophical' can relate to the 'Values' category, and 'Scientific' typically falls under 'Technological' or 'Environmental'.

Step-by-step explanation:

A STEEPV analysis includes various environments that reflect a holistic approach to studying the external factors affecting an organization or business. The environments included in a STEEPV analysis are:

  • Social: Examines societal trends and influences such as demographics, culture, and lifestyle.
  • Technological: Explores the impact and potential of technological advances.
  • Economic: Considers economic conditions such as growth, inflation, and exchange rates.
  • Environmental: Looks at the ecological and environmental aspects that can affect the organization.
  • Political: Investigates the influence of politics, government policy, and legal issues.
  • Values: Reflects on the values and ethics in the broader society.

Given the options provided in the student's question, the correct answers that are part of a STEEPV analysis are Economic and Technological. The term 'Philosophical' is not traditionally included but it can relate to the 'Values' category. 'Scientific' would generally fall under the 'Technological' or 'Environmental' categories depending on the context.

User Jim Gomes
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