Pest analysis and economic factors, Microeconomics

PEST analysis

1742_econimical changes.png

Political factors: The political factors include laws and regulations in the market and this influences the market activities. These laws and regulations also protect the rights of the consumer and maintain the efficiency of the market in Australia.

Economic factors: The economic conditions directly affect the purchasing power and it also affects the business in terms of recession or slowdown because consumer spending decreases that time and it affect the demand.

Social and cultural factors: A social and cultural factors helps to meet the requirements and needs of the customers. This will focus on building healthy and friendly services as people are very health conscious so that will increase the fitness level of the people and involvement as well as participation of the people.

Technological factors: This helps to focus on adopting new technologies and creating new awareness among the customers. Internet will help to introduce new ways to increase the market capabilities. Thus it will provide excellent opportunity and improve the business

Posted Date: 3/9/2013 12:50:14 AM | Location : United States







Related Discussions:- Pest analysis and economic factors, Assignment Help, Ask Question on Pest analysis and economic factors, Get Answer, Expert's Help, Pest analysis and economic factors Discussions

Write discussion on Pest analysis and economic factors
Your posts are moderated
Related Questions
A Competitive Short Run Supply Curve of Firm * Observations: - P = MR - MR = MC - P = MC * Supply is amount of output for every possible price.  Thus: -  If

GROWTH OF REGIONAL FINANCIAL INSTITUTIONS: We find many levels of groupings of nations in the international arena. Groups of countries that share borders often have semi-perma

What is the theory of Second Best? Prove the theorem with the help of a diagram.

You are the CEO of Comchip, a firm that sells specialized computers. Each of the firm's computers contain a unique chip that is produced at Comchip's west coast plant at a cost of

Is indian companies running arisk by not giving attention to cost cutting

what are the pros and cons of monopsony

Assume that the market for lamb is perfectly competitive. Using an appropriate model (or models) illustrate and explain a. How a competitive market arrives at equilibrium


Distinguish between interventionist and market-led strategies of development. Explanation of interventionist strategy; heavy government involvement in the planning of output, p

how does pp curve solve the problem of how to produce, what yo produce, and when to produce?