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What does PESTLEG stands for?
PESTLEG stands for:
P: Political factors, such as government regulations, taxation policies, and trade agreements
E: Economic factors, such as inflation, exchange rates, and economic growth
S: Social factors, such as demographics, consumer preferences, and cultural norms
T: Technological factors, such as new inventions, innovations, and advancements in technology
L: Legal factors, such as labor laws, consumer protection laws, and environmental regulations
E: Environmental factors, such as climate change, pollution, and resource scarcity
G: Global factors, such as globalization, international competition, and political instability
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