Levels of Business Analysis
The two aim types of business analysis include the internal analysis, which concentrates on the internal environment, and the external analysis, which focuses on the external environment.
The word PESTEL is a word that represents:
P-political factors entail political stability or instability.
E-Economic factors include the level of both inflation and interest rate.
S-Social factors encompass demographic factors.
T-Technological factors include the methods used to produce goods and services.
E-Environmental factors which include environmental regulations.
- L-Legal factors that are laid down by the local authority or the government and they include labor laws.
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