Meaning of “PEST analysis” in the English Dictionary

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"PEST analysis" in Business English

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PEST analysisnoun [ C or U ]

uk us also STEP analysis

FINANCE, ECONOMICS, MANAGEMENT abbreviation for Political, Economic, Social, and Technological analysis: a management method that examines the effect that events or influences from outside may have on the performance of a company or organization:

A PEST analysis is concerned with the economic influences on a business.

(Definition of “PEST analysis” from the Cambridge Business English Dictionary © Cambridge University Press)