1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gladu [14]
3 years ago
8

Name a product or a company that you are familiar with. Discuss how environmental forces (social, economic, technological, compe

titive, and regulatory) will impact that product/company over the next five years.
Business
1 answer:
Keith_Richards [23]3 years ago
8 0

Answer:

The name of the product is Coke and this is a Pestel Analysis.

PESTEL is short for Political, Economic, Social, Technological, Environmental, and Legal. All representing factors that can and will impact the operations of any business.

Explanation:

Coca-Cola is a global company with is in the business of providing refreshments to its customers by the sale of Soda or soft drinks. Because of the nature of the product, the industry in which they play is heavily regulated and they must use the best technology in order to stay relevant, competitive, and dominant in the market.  

 

<em>Political factors</em>

One of the regulators to whom Coca-cola must dance to its tune is the Food and Drugs Administration (FDA) a Federal Agency of the Department of Health and Human Services in the US. All Coca-cola product must meet their requirements as stipulated by law. If the laws enforced by FDA changes it could adversely affect the distribution, taxes, accounting, and all other operations of Coca-Cola.  

 

<em>Economical factors</em>

Some economic factors that may affect a business like Coca-cola are:

Interest rates, exchange rates, recession, Inflation, Taxes, Demand / Supply.

One critical factor in this group which the company must be on the lookout for always is changes in taste and demand. Consumers are making a shift globally towards more healthy alternatives to soda. This is because, as the world becomes more sedentary due to shifts in global economic patterns as induced by the pandemic, risk factors relating to health care on the increase. Hence consumers want to ensure that they cut down on foods and beverages that increase their predisposition to conditions such as obesity, cancer, high blood pressure, etc.

To stay relevant and competitive, the company has to seek out healthy drinks that speak to all the various localities (which are over 200 countries).

<em> </em>

<em>Social factors</em>

Examples of social factors that can affect a business are:

e-commerce adaptation, purchasing habits, ease of adoption of technology, changes in customer service expectation, the education level of consumers.

The purchasing habit for Coca-cola is changing in lots of countries. People are becoming more predisposed to buying products online. How will that affect the demand for the company's products? Will it increase as online food orders increase? can the company position itself to take advantage of the trend? If yes, then it is making taking advantage of its changing social environment.

Technological factors

Adoption of best-in-class machinery is one of the strategies that has enabled Coca-Cola to achieve higher quality and quantity of its products. Speed of delivery, processes that are optimized for the lowest costs and highest outputs are now being made possible with advances in technology. Coca-cola is taking advantage of technology especially in regions such as Europe.  

Legal factors

Product liability, third-party liability, employer-employee (labor) relations, compliance, and regulatory factors are all within the scope of Coca-Cola's legal universe.  Constantly managing this space of its operations will keep it from experiencing avoidable erosion of its bottom line and brand equity.

<em>Environmental factors</em>

Companies no longer compete on the basis of profitability alone. Global companies are the target of onslaughts from those who campaign against the degradation of the environment. One way they do so is to discourage the consumption of the goods of a company whose activities are harming the environment.

So companies all over the world are not competing based on the triple bottom line criteria: People, Planet, Profit.

This answers the questions whether

  1. Coca-cola is in compliance with international best practices as far as labor law is concerned;
  2. How does the company handle its effluents and wastes? is it just discharging them into the earth without treatment? or is it creatively converting them into economic products? how responsible is the company socially?
  3. then of course there is the issue of keeping the books in the black

Cheers

You might be interested in
Population estimates show that by the year 2030, nearly 72 million of the population in the united states will come from which g
Kruka [31]

Population estimates show that by the year 2030, nearly 72 million of the population in the united states will come from old age group. We are now able to spend 20 to 25 percent of our lives in active retirement hanks to the enormous increases in both numbers and proportions, longer life expectancies, and active lifestyles.

According to the UN Population Division, by 2035, 1 in 5 persons will be 65 or older. Furthermore, the younger generations of today anticipate that the older population of the future will be better educated, healthier, culturally savvy, and, as people, more discerning consumers.

As their physical and sensory abilities start to deteriorate, they will demand—and respond to—goods and services that enable them to continue their active lifestyles and activities. Examples include flexible scheduling, ongoing education, travel, engaging experiences, and opportunities for companionship.

To learn more about population, click here

brainly.com/question/27991860

#SPJ4

5 0
2 years ago
The power of a labor union weakens when the company introduces technologies that replace the need for the union's members. techn
icang [17]

Technology is a substitute for employees

6 0
3 years ago
Suppose that the government imposes a commodity tax on alcohol. Assuming that both alcohol demand and supply are relatively elas
belka [17]

Answer:

c. Alcohol consumption decreases, whereas the alcohol market price increases if the tax is placed on the sellers or decreases if the tax is placed on the buyers.

Explanation:

Elastic demand is the situation that when the price of a good goes up the quantity demanded reduces. Since alcohol demand and supply are both elastic, If commodity tax is imposed on sellers then they decrease the supply and increase the price of alcohol. The increased price of alcohol will make buyers buy less of alcohol thereby reducing the consumption of alcohol.

6 0
3 years ago
What are the costs and consequences of providing and to whom
tia_tia [17]
Providing "and to whom" can be risky because it does not specify an exact name, and anybody who is in that position at a later time, can be affected by whatever is being referred.
4 0
3 years ago
Proponents of rational expectations argued that the sacrifice ratio:______.a. could be high because people might adjust their ex
Arte-miy333 [17]

Answer:

b. could be low because people might adjust their expectations quickly if they found anti-inflation policy credible

Explanation:

In the given situation, it is mentioned that the rational expectations proponets said that the sacrified ratio would be lesser as the people wants to adjust their expectations in a fastest way in the case when they found that the anti-inflation policy is credible

Therefore as per the given situation, the option b is correct

3 0
3 years ago
Other questions:
  • Firms can use strategic alliances to change the industry structure in their favor. For example, firms frequently use strategic a
    12·1 answer
  • Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round gross margin ratio to 1 d
    9·1 answer
  • Which type of account is typically the MOST liquid? Checking account Savings account Certificate of Deposit Exchange Traded Fund
    12·1 answer
  • g "9. (a) Explain how financial ratio analysis of a firm’s projected cash flow budget could be efficiently used by its managers
    13·1 answer
  • ABC common stock has been moving up recently and one of your clients purchased several hundred share of the stock this morning.
    8·1 answer
  • Suppose that the demand rate is 500 units per week. The fixed ordering cost is $60 per order. The unit inventory cost is 20% of
    8·1 answer
  • The corporate website of a company is established with an intention to: a. provide a transaction gateway for goods and services.
    14·1 answer
  • Becky Shelton, a teacher at Kemp Middle School, is in charge of ordering the T-shirts to be sold for the school’s annual fund-ra
    14·1 answer
  • The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: Account Balances
    10·1 answer
  • A transfer payment is Group of answer choices a payment that is automatically transferred from your bank account to pay a bill o
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!