BUS 311 Lecture Notes - Lecture 2: National Minimum Wage Act 1998, Pest Analysis, Carbon Footprint
Document Summary
Political = tax rates, current and impending legislation, political instability, unemployment rate, economic condition of the countries where it is operating. (e. g. - national minimum wage act 1998, the health and safety at work act 1974. ) Economical = changes in taxation, dependent on the uk market where it has a share of 30%. Social = increased the number of non-food items as there is an increased demand, accommodating the demand for organic products. Technological = introduction of online shopping with home deliveries, self-service checkout points. Environmental = reducing carbon footprint by 50% by 2020, minimising waste produced in stores. Legislation = not allowed to change prices without notice and demanding payments from suppliers. Political = the government are trying to reduce the sugar levels across the uk to stop obesity getting out of hand. This is effect companies such as coca cola as it is requiring them to change their recipe to fit the new regime.
