Podcast
Questions and Answers
Which PEST factor does the introduction of subsidies for solar panel installations represent?
Which PEST factor does the introduction of subsidies for solar panel installations represent?
- Socio-cultural
- Technological
- Political (correct)
- Economic
How might government subsidies for solar panels impact the market immediately?
How might government subsidies for solar panels impact the market immediately?
- Reduce interest in renewable energy
- Encourage consumers to invest in traditional energy
- Elevate the cost of solar panel installation
- Increase competition among producers (correct)
What is a potential socio-cultural benefit of solar panel subsidies?
What is a potential socio-cultural benefit of solar panel subsidies?
- Decrease in eco-friendly job opportunities
- Promotion of sustainable energy practices (correct)
- Discouragement of energy conservation measures
- Increase in traditional energy reliance
What effect do subsidies usually have on consumer behavior?
What effect do subsidies usually have on consumer behavior?
In which scenario would subsidies likely be introduced?
In which scenario would subsidies likely be introduced?
Flashcards
PEST analysis factor
PEST analysis factor
A framework used to analyze the external factors that can affect a business.
Political factor in PEST
Political factor in PEST
Government policies or regulations that affect a business, such as subsidies, taxes, and laws.
Government subsidies for solar panels
Government subsidies for solar panels
Financial incentives provided by the government to encourage solar panel installations.
Solar panel installation market
Solar panel installation market
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Which PEST factor are government subsidies?
Which PEST factor are government subsidies?
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Study Notes
PEST Analysis and Solar Subsidies
- SolarShine, a renewable energy company, is entering a new market.
- The government in this market has introduced subsidies for solar panel installations.
- This represents a political factor in the PEST analysis framework.
- Political factors encompass government policies, regulations, and legal environments that can significantly impact businesses.
- Subsidies for solar panel installations are a concrete example of a favorable government policy that could positively affect SolarShine’s market entry.
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