Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ABC handlooms Ltd. set up a factory for manufacturing jute bags in a remote village so that the company is close to raw materials. The
ABC handlooms Ltd. set up a factory for manufacturing jute bags in a remote village so that the company is close to raw materials. The revenue earned by the company was sufficient to cover the costs and the risks involved. The demand of bags was increasing day by day, so the company decided to increase production to generate higher sales. For this they decided to employ people from the nearby villages, as very few job opportunities were available in that area. The company also decided to open schools and crches for the children of its employees. a. Using PESTEL to analyse this company discuss whether this company has the capacity to grow in the next five years. (15 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started