7/4/25, 10:01
PM
MBA 705 Exam 1 questions and answers with
complete solutions verified graded a++ latest
update 2025
Terms in this set (61)
6 segments of general environment, use to identify how
these factors influence industries and the firms within
them
P - Political E-
PESTEL Analysis Economic
S- Socio- Cultural
T-
Technological E-
Environmental L -
Legal
-include tax policies, changes in trade restrictions
Political Factors and tariffs, and stability of governments
- example : immigration policy, clean energy policies
- include elements such as interest rates, inflation rates,
gross domestic product,
Economic Factors unemployment rates, levels of disposable income
and general growth or decline of economy
- example: Covid crisis of 2020
Unemployment Rate percentage of labor force looking for employment over
the last 4 weeks
number of houses, apartments and condos on
1/
12
, 7/4/25, 10:01
PM
which new construction has been started
- includes concrete, steel, wood, plumbing, and
Housing Starts banks as suppliers, carefully watched measure
of economic condition
- market value of goods and services within a
Gross Domestic Product country produced in a given time period
(GDP) -rough indicator of a country's standard of living
Federal Reserve System US's central banking system, attempts to
("The Fed") strengthen economy, ie by setting short- term
interest rates
Discretionary Income amount of money individuals have to spend after all bills
are paid
-capture a society's cultures norms, societal values and
Socio-cultural factors trends
- trends in demographics such as population
size, age, ethnic mix, as well as attitudes
toward obesity and consumer activism
Hemline Theory -women's skirt lengths predict stock market
increases and decreases. Raised skirts when
times are good, lowered skirts in tough
economic times
-centers on improvements in products and services that
Technological Factors are provided by science
-ie changes in product development, increases
in automation and advancements in service
industry delivery
Moore's Law performance of microcircuit technology roughly
doubles every 2 years
2/
12
PM
MBA 705 Exam 1 questions and answers with
complete solutions verified graded a++ latest
update 2025
Terms in this set (61)
6 segments of general environment, use to identify how
these factors influence industries and the firms within
them
P - Political E-
PESTEL Analysis Economic
S- Socio- Cultural
T-
Technological E-
Environmental L -
Legal
-include tax policies, changes in trade restrictions
Political Factors and tariffs, and stability of governments
- example : immigration policy, clean energy policies
- include elements such as interest rates, inflation rates,
gross domestic product,
Economic Factors unemployment rates, levels of disposable income
and general growth or decline of economy
- example: Covid crisis of 2020
Unemployment Rate percentage of labor force looking for employment over
the last 4 weeks
number of houses, apartments and condos on
1/
12
, 7/4/25, 10:01
PM
which new construction has been started
- includes concrete, steel, wood, plumbing, and
Housing Starts banks as suppliers, carefully watched measure
of economic condition
- market value of goods and services within a
Gross Domestic Product country produced in a given time period
(GDP) -rough indicator of a country's standard of living
Federal Reserve System US's central banking system, attempts to
("The Fed") strengthen economy, ie by setting short- term
interest rates
Discretionary Income amount of money individuals have to spend after all bills
are paid
-capture a society's cultures norms, societal values and
Socio-cultural factors trends
- trends in demographics such as population
size, age, ethnic mix, as well as attitudes
toward obesity and consumer activism
Hemline Theory -women's skirt lengths predict stock market
increases and decreases. Raised skirts when
times are good, lowered skirts in tough
economic times
-centers on improvements in products and services that
Technological Factors are provided by science
-ie changes in product development, increases
in automation and advancements in service
industry delivery
Moore's Law performance of microcircuit technology roughly
doubles every 2 years
2/
12
