1) Which of the below is an example of a Technological factor? a) Artificial Intelligence b) Fidget Spinners 2) Which of the below is an example of a Social factor? a) Increase in Veganism b) New employment legislation 3) Pick the missing words: _______________ are the ever changing needs and wants of a customer – it can be based on trends, fashions and lifestyle. a) Technological factors b) Social factors c) Political factors d) Economic 4) Pick the missing word from the definition: Companies must keep up to date with the newest ____________ to remain competitive. If better or faster machinery is released, you will want to get this to stay above or in line with competitors. a) Technology b) Economic data c) Politics d) Social 5) An example of Social factors would be: a) Economic Growth b) New Technology c) New Laws d) Trends 6) Which of these is NOT a political factor? a) New Laws b) Increased Taxes c) Creation of new Technology d) Lower taxes 7) Finish this perfect pastpaper answer: If the business does not keep up with new technology released____________ a) they will succeed because the old technology will likely be fine. b) they could fall behind the competition, reducing market share. 8) Finish the pastpaper answer: If a business does not keep up to date with social trends,____________________ a) their product will no longer be popular and sales/profits will fall. b) their product will continue to succeed. 9) Technology as an internal factor relates to? a) Technological advances created outside the business b) Technology within the business such as their machinery. 10) An example of external technology would be: a) Artificial Intelligence b) The computers that a business has in their office

PESTEC: Social and Technological Factors Quiz

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