DUMAYOM, IRISH P.

BSTM-3B
BMEC 21, TTH, 7:30-9:00AM
Unit 3, Pretest
1. The sum total of all surroundings of a living organism.
a. External environment
b. Internal environment
c. Environment
d. Surroundings
2. Consisting of the general and global (or national) factors which might influence the lower
layers in the economic activities.
a. Internal environment
b. Environment
c. Macro environment
d. Geographical
3. Group of companies producing the same products and services
a. Customer
b. Industry
c. Supplier
d. Intermediaries
4. A social unit of people that is structured and managed to meet a need or to pursue
collective goals
a. Company
b. Organization
c. Society
d. Customer
5. An analysis examines the influences of political, economic, social, and technological
factors of a business
a. PESTEI
b. PEST
c. DESTEP
d. All of the above

Learning Activity:
PEST ANALYSIS Create a PEST analysis of Coronavirus that the whole world experience right
now. Identify important issues NOW and what are likely to be issues in the FUTURE. Use the
template below for your answer.
Political factors: Explanation of how political factors can affect your business.
Specifically breaking down laws and regulations you must follow for products to be sold legally.
Economic factors: Address current sales and revenue; where the money is coming
from. What expenses and which laws/taxes/inflation percentages are affecting the current cash
flow.
Social factors: Looking at your target customer. Who are they? Why do they need your
product? What is affecting their spending habits?
Technological factors: What technology does your business rely on each day? Go into
depth, from manufacturing to website design, and everything in between.
 POLITICAL
COVID-19 epidemic not only threatens
human health but also undermines social and
political patterns. Firstly, COVID-19 has a
characteristic to inhibit politics. The most
important reason for this is conflict between
the traditional logic of politics, which
discriminates between friends and enemies,
and health-based techno-politics. This
dispute also influences the decision-making
dynamics. The social economic decisions
about the future of a country are now left to
the private-technical information regimes
and representatives. COVID-19 outbreak
has demonstrated that the political reflexes
introduced at first are dramatically
dysfunctional and a new style of politics
which prioritizes technology/technical
information replaces it.
SOCIO-CULTURAL
The Covid-pandemic has had a profound
impact on lives and livelihoods around the
world. Many countries have taken
unprecedented measures to extend social
safety nets, especially for vulnerable groups
such as low-income households, children
and young people, women, low-skilled
workers, part-time or temporary workers,
and the self-employed. We must imagine a
recovery that is just and transformative for
all generations. As difficult as the current
circumstances are, now is the time for young
people stand up and help build a more
resilient, inclusive and sustainable future.
Together, we can dare to make it a reality.
ECONOMIC
The social economy has played an important
role in addressing and mitigating the short-
and long-term impacts of the COVID-19
crisis on economy and society. In the short
term, social economy actors have assisted
the recovery from the crisis by providing
innovative solutions that are aimed at
strengthening public services to complement
government action. In the long term, social
economy organization can help reshape the
post-crisis economy by promoting inclusive
and sustainable economic models. Relying
on decades of experience, its specific
features and underlying principles, the social
economy can inspire models of social
innovation and a sense of purpose to firms
operating in the market economy.
TECHNOLOGICAL
During the COVI-19 pandemic,
technologies are playing a crucial role in
keeping our society functional in a time of
lockdowns and quarantines. And these
technologies may have a long-lasting impact
beyond COVID-19. Technology can help
make society more resilient in the face of
pandemic, and most importantly it can help
reduce the spread of coronavirus while
helping businesses stay open and others
threats.
 Assessment:
Directions: Read the following statements and analyze. Write COVID 19 if the statement is
True and COVID Free if the statement if False. Write your answer on the space provided before
each number.

COVID 19 1. Action Plan is a sequence of steps that must be taken, or activities that must be
successfully performed for a strategy to succeed.
COVID 19 2. Analysis is the process of gaining a better understanding of a complex topic by
breaking it into smaller parts.
COVID Free 3. External forces are a feature of the business environment, either internal or
external, which necessitates the intelligent application of resources and
capabilities to surmount.
COVID Free 4. Relative advantage is how a business is able to orchestrate its activities to offer
its customers greater value, either by means of lower prices, or by providing
greater benefits and services that justifies a higher price.
COVID 19 5. Market Penetration is a measure of the amount of sales or adoption of a product
compared to the total theoretical market for that product.
COVID 19 6. Market Segment is a group of customers who have similar needs that are
different from customer needs in other parts of the market.
COVID Free 7. Vision statement aims to provide the employees and the stakeholders with
clarity about the overriding purpose of the organization.
COVID Free 8. Mission statement is specific and quantifiable outcomes that when achieved
propel the firm towards it goals.
COVID Free 9. TQM is a framework that is used to organize the activities a business must
perform to create, make, distribute, sell, and service a product.
COVID 19 10. Values are the guiding principles of the firm. Creates procedure for How a firm
will fulfill its mission and achieve its vision.