PEST ANALYSIS

August 20, 2017 | Author: Pankaj Jha | Category: Pharmaceutical Drug, Pharmaceutical Industry, Ayurveda, Taxes, Patent
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c  c         A PEST analysis is an investigation of the important factors that are changing which influence a business from the outside. PEST stands for: Political changes e.g. a change in government, or a change in government policy. Economic changes Relate to changes in the wider economy such as rises in living standards or the general level of demand, rises or falls in interest rates, etc. Social changes Relate to changes in wider society such as changes in lifestyles e.g. more women going out to work, changes in tastes and buying patterns. Technological changes Relate to the application of new inventions and ideas such as the development of the Internet and websites as business tools.



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