Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following are the Political, Environmental, Social, Technological, Legal and Environmental Factors that affects a Recreational and Leisure Driven Business (ADVENTURE SPORTS business to be

The following are the Political, Environmental, Social, Technological, Legal and Environmental Factors that affects a Recreational and Leisure Driven Business (ADVENTURE SPORTS business to be specific), how these factors affect the adventure sports business? Explain each bullet.

POLITICAL

  • Government stability -
  • Financial stimulus commitment -
  • Pandemic strategic plan -
  • Health service readiness -
  • Pandemic policy factors -
  • Current taxation policy -
  • Future taxation policy -
  • The current and future political support -
  • Grants, funding and initiatives -
  • Trade bodies -
  • Effect of wars or worsening relations with particular countries -
  • Election campaigns -
  • Issues featuring in political agendas -

ECONOMICAL

  • National debt levels -
  • Recovery struggle for impacted industry -
  • Strength of consumer spending -
  • Current and future levels of government spending -
  • Ease of access to loans -
  • Current and future level of interest rates, inflation, and unemployment -
  • Specific taxation policies and trends -
  • Exchange rates -
  • Overall economic situation -
  • Real estate exodus -
  • Inner city business decline -
  • Supply volatility -

SOCIAL

  • Pandemic lifestyle trends
  • demographics
  • consumer attitudes and opinions
  • media views
  • law changes affecting social factors
  • brand, company, technology image
  • consumer buying patterns
  • fashion and role models
  • major events and influence
  • Inner city pandemic trends
  • ethnic/religious factors
  • ethical issues
  • Digital relationships

TECHNOLOGICAL

  • Relationship with pandemic
  • Sector technology demand
  • Relevant current and future technology Innovations
  • The level of research funding
  • The ways in which consumers make purchases
  • Intellectual property rights and copyright infringements
  • Global communication technological advances
  • Internet connectivity utility

LEGAL

  • Legislation in areas such as employment, competition, and health & safety
  • Environmental legislation
  • Future legislation changes
  • Changes in European law
  • Trading policies
  • Regulatory bodies
  • Pandemic legislation
  • Working environment
  • Pandemic legal sensitivities

ENVIRONMENTAL

  • Relationship with global warming
  • Relationship with recycling and global fight against waste
  • Relationship with global fight against plastic usage
  • The level of pollution created by the product or service
  • Attitudes to the environment from the government, media and consumers
  • Relationship with renewable energy
  • Relationship with deforestation

-If one of the bullets is not applicable, just put N/A.

-Please also include reference/source citation.

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

Marketing The Core

Authors: Roger Kerin

8th Edition

1260483517, 9781260483512

More Books

Students also viewed these Marketing questions

Question

LO12.5 Discuss the economic effects of monopoly.

Answered: 1 week ago

Question

LO12.1 List the characteristics of pure monopoly.

Answered: 1 week ago