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Lelu [443]
3 years ago
8

This is for my business class someone help please and thank you!

Business
1 answer:
daser333 [38]3 years ago
7 0

Answer:

Legal and environmental.

Explanation:

PEST is a short form for political, economic, social, and technological factors. These are external factors likely to impact business performance. Entrepreneurs should analyze, understand them, and include their effects in business plans.

Other external factors that may affect business performance are legal and environmental.

For the legal factors, an entrepreneur should analyze the impact of possible changes in laws and legal interpretations on their businesses.  In the environmental analysis, the entrepreneur should be aware of the industry's environmental regulations and restrictions. They should plan for possible changes in license limitations.

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Employee morale will improve as workers recognize they can be promoted to the highest levels of management.

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