The company may have to reduce the number of employees to save money for the future which would increase the unemployment rates of the UK economy. It has become easier for companies to communicate with their customer in any part of the world.
High levels of corporation tax will reduce the amount of profit Coca- Cola Enterprises Ltd will make. Social factors - These factors are related to changes in social structures. The political arena has a huge influence upon the regulation of businesses, and the spending power of consumers and other businesses.
This is because it will be expensive for the company as the tax rate will be high. Nevertheless, the firm will be partially satisfied with the continued reduction in Corporation Tax. It is evident that the pace to recovery will have an impact on Coca- Cola Enterprises Ltd.
Economic factors - These factors involve changes in the global economy. This is because; an increasing population means a wider market for products. In a global environment it is important that business strategies are designed keeping in mind the social and cultural differences that vary from country to country.
A business generating a lot of profits based in the UK is required to pay Corporation tax. These factors provide insights into behaviour, tastes, and lifestyles patterns of a population.
Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Understanding of these factors is important while developing a business strategy. For example, the national minimum wage is a legislation over which business have no control and are unable to change.
The Office for National Statistics shows that that the population of Wales and England increased by 0. However, given the future threat of the Eurozone crisis, the UK economy is at risk of landing in a triple dip recession.
Firms can select new modes of distributions with the help of technology. The minimum wage puts pressure on the wage rates at the lower end of the labor market. Incase of low interest rates and increase in demand Businesses will be encouraged to expand and take risks. The company is most vulnerable to future changes in the corporation tax.
The above mentioned statistics show that the population of the UK is increasing. Furthermore, the trends of culture may act as an advantage to the firm. For example, the brewery industry has a more restricted market compared to the beverages of Coca-Cola Enterprises Ltd.
This statistic proves that the number of immigrants in the future will be large. For a successful business operation it is important that the businesses consider the legal issues involved in a particular situation and should have the capability to anticipate ways in which changes in laws will affect the way they must behave.Political Economic Social Technological Ecological And Legal Environments Marketing Essay.
Print Reference this. Disclaimer: This work has been submitted by a student. This is not an example of the work written by our professional academic writers. Changes in laws and regulations, including changes in accounting standards, taxation.
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We will write a custom essay sample on Changes in economical political, legal and social factors specifically for you for only $ $/page. Changes in Economic, Political, Legal and Social Factors Essay Sample. This report evaluates how future changes in the legal, social, political and economic factors may affect the growth strategies of Coca-Cola Enterprises Ltd.
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Evaluate how future changes in economic, political, legal and social factors may impact on the strategy of a chosen organisation Changes in a number of different factors can affect the way in which the business is run in the future and this could mean that the business has to look into different ways of tackling problems, which would mean they have to .Download