Which statement about the purpose of PESTEL is correct? Multiple Cholce It helps managers understand how a firm's external environment affects the firm. It helps managers understand how a firm's internal strength may help it take advantage of an external opportunity. It helps managers understand the relationship between the firm's industry and its buyers and suppliers. It helps managers understand the firm's internal environment, such as its employees' union. One important factor to consider when using PESTEL is that, Multiple Choice the environment affects every company in a particular industry the same the environment may affect companies in the same industry differently due to a particular firm's position within the industry or its strategies It does not consider the effect of changes to trade treaties and regulations It does not account for environments that are rapidly changing due to a recession or economic boom < Prev 3 of 14 Next >