Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An additional area that can be considered within the PESTEL Analysis are health factors. This would be similar to the ethical component. Particularly, in the

An additional area that can be considered within the PESTEL Analysis are health factors. This would be similar to the ethical component. Particularly, in the soft drinks industry, health regulations can significantly impact product demand, especially with society becoming more health conscious. The position of a company's product or service in the product life cycle significantly affects the importance and impact of the PESTEL Analysis factors. In the introduction stage, political factors are critical as the company seeks to establish its product. They will need to make sure there are no laws prohibiting and interfering with their business. In the maturity stage, political factors are also important if businesses want to influence policies or politicians. Overall, the stage of the product life cycle allows for specific PESTLE factors to be more relevant than others. How can I response

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

General Concepts In Integrated Pest And Disease Management

Authors: A. Ciancio, K.G. Mukerji

1st Edition

1402060602, 978-1402060601

Students also viewed these General Management questions

Question

Define orientation, and explain the purposes of orientation.

Answered: 1 week ago

Question

What are the various career paths that individuals may use?

Answered: 1 week ago