Multiple Choice
An international firm considering foreign expansion should take into account that:
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0. Basic Principles of Economics
Introduction to Economics
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
In the PESTEL model, political factors are those that relate to:
A
social trends and demographics
B
environmental sustainability
C
technological advancements
D
government policies and regulations
Verified step by step guidance1
Understand that the PESTEL model is a framework used to analyze the external macro-environmental factors affecting an organization or market.
Identify each component of PESTEL: Political, Economic, Social, Technological, Environmental, and Legal factors.
Focus on the 'Political' factor, which specifically relates to government actions such as policies, regulations, and political stability that can influence business operations.
Recognize that social trends and demographics fall under the 'Social' factor, environmental sustainability under 'Environmental', and technological advancements under 'Technological'.
Conclude that the correct classification for political factors is government policies and regulations, as these directly involve political influence on the market.
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