Which data framework is used for planning purposes and stands for Political, Economic, Sociopolitical, and Technological factors?

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Multiple Choice

Which data framework is used for planning purposes and stands for Political, Economic, Sociopolitical, and Technological factors?

Explanation:
A macro-environmental analysis framework used for planning considers Political, Economic, Sociopolitical, and Technological factors. The best fit is PEST Analysis. It helps organizations scan external forces that can influence strategy, identifying opportunities and threats so planning and decision-making can account for changes in politics, regulation, economic conditions, social trends, and technological advances. The other choices describe HR practices or compensation methods rather than a planning framework, so they don’t address external environmental factors.

A macro-environmental analysis framework used for planning considers Political, Economic, Sociopolitical, and Technological factors. The best fit is PEST Analysis. It helps organizations scan external forces that can influence strategy, identifying opportunities and threats so planning and decision-making can account for changes in politics, regulation, economic conditions, social trends, and technological advances. The other choices describe HR practices or compensation methods rather than a planning framework, so they don’t address external environmental factors.

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