The political environment can
affect an industry through a
range of factors, including: trade tariffs, conflicts, fiscal policies,
political risk and stability,
changes in political systems,
levels of corruption
1 of 6
Economic
have direct impact on company's long-term prospects in a market. Factors include: inflation rate, unemployment rate, disposable income, interest rate
2 of 6
Socio-cultural
can impact the industry environment by influencing peak buying
periods, purchasing habits, and lifestyle choices. Factors include: age, gender, race, income, religion, consumer habits, employment
3 of 6
Technological
may have a direct or an indirect influence on an industry. Factors: automation, tech department, R&D, patents and licensing
4 of 6
Environmental
factors include all those relating to physical environment. Issues such as pollution, waste and climate change result in environmental protection regulations, energy problems, global warming,
waste disposal and recycling
5 of 6
Legal
may affect both the internal and external environment of a company. Factors can include differences in legal systems, labour regulations, corporation and income tax, compnay ownership regulations
6 of 6
Other cards in this set
Card 2
Front
Economic
Back
have direct impact on company's long-term prospects in a market. Factors include: inflation rate, unemployment rate, disposable income, interest rate
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