1. The SWOT Analysis vs. the PEST
... your field. Reviewing opportunities along with treats provide an overview of the external advantages and challenges. The acronym, PEST allows one to consider the affects of Political, Environmental, Sociocultural, and Technological factors. The PEST analysis is the macro|-environmental section of an organization's marketing environment. This environmental analysis should be continuous and feed all aspects of planning. Political factors have a very large influence on the regulation ... of businesses. Politics determine the spending power of consumers and other businesses. When weighing p...
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- Grade Level: Undergraduate