The sociocultural environment encapsulates demand and tastes‚ which vary with fashion‚ disposable income‚ and general changes‚ can again provide both opportunities and threats for particular companies (Thompson‚ 2002; Pearce and Robinson‚ 2005). Over-time most products change from being a novelty to a situation of market saturation‚ and as this happens pricing and promotion strategies have to change. Similarly‚ some products and services will sell around the world with little variation‚ but these
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China China Structural * Ah Xian’s ‘Bust 66’ in the series ‘China China’ is made from porcelain and overtop of closed mouth and eyes are the traditional Chinese landscape paintings of misty mountains‚ waterfalls and wooden bridges. * Ah Xian’s semi abstracted qualities of his work make the face look recessive and his use of shadows create a contemporary feel to the artwork. * This artwork evidently reflects his Chinese culture and heritage through the painted surface designs‚ yet
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As the article “China’s Wen says country must control inflation” said‚ there is high inflation in China. Inflation is defined as a persistent increase in the average price level in the economy‚ usually measured through the calculation of a consumer price index. (IB economics—Blink & Dorton) In China‚ the foods prices are increasing every year –compared to last September consumer prices rose 6.1%‚ but output of foods didn’t increase at all‚ which means the cost of production is increasing because
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Judaism and many more have different buying patterns and opinions for any products they buy (Wilson 2005). The Adidas Group has penetrated most countries so all these social attributes play very important roles in deciding the company’s strategy. PEST ANALYSIS TECHNOLOGICAL FACTORS Technological advances in things like machinery will have an affect on the Adidas Group. The latest Technology can speed up production‚ save energy or cut down labour costs. Currently the world has become a small
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PEST Analysis • Political factors: As Poland became member of the European Union it became more attractive for foreign investors‚ especially it became easier to invest for members of the EU community. Poland is a democratic state with market economics. Being member of the EU‚ Poland receives grants from it. Political situation is stable. No revolutions‚ wars‚ strikes or terroristic attacks happen in Poland‚ that fact makes it additionally attractive for the investors. Entrance to the EU zone
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Organisations And Environment PEST Analysis On Primark Stores Ltd Contents Introduction 1 Economic Factors 1-2 Technological Factors 2-3 Social Factors 3-4 Political Factors
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nutritionists‚ as their analysis of fast food effect can influence public perceptions‚ therefore affecting sales. I will examine how McDonald’s has responded to or anticipated future events that have impacted its market and stakeholders using the PEST analysis as a tool. The analysis consists of situational and uncontrollable Political‚ Economic‚ Social and Technological forces within the macro environment as a means of indentifying the opportunities and threats that will affect the organisation
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Clothing Accessories * The global clothing accessories industry is worth close to $16.5 billion‚ according to research from Packaged Facts. During the economic recession‚ many consumers opted to buy accessories instead of more expensive items of clothing(Accessories can be sold even in recession). Spending patterns concerning accessories are slightly different than clothing purchases as accessories are often bought on impulse or as add-on purchases. The world clothing accessories market is
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Atkinson left (Official website‚ ManU). Introduction The football industry in UK has become popular because of the first successes in the industry‚ an attribute that made it a viable business. The main aim of this report is to analyze the SWOT and PEST analysis of Manchester United. From this analysis‚ it will be possible to identify both the internal and external strengths of the company. SWOT analysis SWOT analysis can be used to know the success factors of ManU as well as to identify the strategies
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PEST Analysis of Confectionary Industry The Commonwealth of Australia has stable liberal democratic system with policies that support industrial growth (Australianpolitics.com‚ 2009). There is steady growth in labor market as well since 2001 (Chandra Shah‚ Gerard Burke‚ 2006). There are no additional restrictions enforced due to ecological factors on the confectionary market except for regular industry norms to take into account ecological issues. So political factor of PEST analysis is conducive
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