What does the acronym in the PESTLE framework stand for?
A) Police factors, socio-cultural factors, economic factors, travel factors
B) Police factors, socio-cultural factors, economic factors, technological factors
C) Political factors, economic factors, socio-cultural factors, technological factors, legal factors, environmental factors
D) Police factors, socio-cultural factors, emotional factors, travel factors

Question

Quizplus · Accepted Answer

The acronym in the PESTLE framework stands for Political, Economic, Socio-cultural, Technological, Legal, and Environmental factors. This framework is used as a tool to analyze external factors affecting a business or organization. Option A and D are incorrect as police factors and emotional factors are not typically included in this framework. Option B is incorrect as it does not include the important legal and environmental factors. PESTLE stands for political factors, economic factors, socio-cultural factors, technological factors, legal factors, and environmental factors.

What Does the Acronym in the PESTLE Framework Stand For