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PEST analysis is a methodology that classifies connection between environment as political, economic, social, and technological features. A study of the PEST analysis method and examples in connection with it works for that development of any organization. Often the factors of legal and environment are included to switch the term to PESTLE analysis. PEST analysis considers the influence of the factors for the business. The results with this analysis are of help for getting the advantage of opportunities, and therefore prepare contingency plans to the imminent threats. PEST analysis is regarded as a valuable strategic solution to anticipate the market decline or growth, business status, risk of improvement, and develop future operational strategy. PEST analysis makes sure that the business functioning is at accordance with all the dominant influential change forces that may affect the environment of business. PEST is very beneficial when a company offers to enter new markets or any other countries. The utilization PEST analysis assists to efficiently adjust to new environments.
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