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Answer :
The four components of a PEST study are political, economic, social, and technical considerations.
What is PEST analysis?
Political, Economic, Social, and Technological (PEST) Analysis is a management technique that enables a company to evaluate the key external elements that have an impact on its operation in order to increase its level of market competitiveness. These four areas are at the core of this paradigm, as indicated by the acronym.
What are the four advantages of PEST analysis?
PEST Analysis is a straightforward and frequently used tool that aids in your analysis of the Political, Economic, Socio-Cultural, and Technological developments in your business environment.
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