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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
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