Which of the following STEEPLED factors is most likely to have the greatest effect?

A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyze its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result.

Which of the following STEEPLED factors is most likely to have the greatest effect?
A . Sociocultural
B . Technological
C . Economic
D . Ethical

View Answer

Answer: B

Explanation:

Technological factors play a pivotal role in IT equipment supply chains. Advancements, obsolescence, and innovation significantly affect production, cost, and competitiveness, making it a primary focus in supply chain development.