What political factors affect retail?

What political factors affect retail?

Political factors: Anti-trust issues The revenue and profitability of any retail store are affected by government policies. These regulations impact the economy, consumer buying habits, and international trade laws. The only thing left for the company to do about these changes is abide by them.

What are political factors in pestle?

Political Factors: Basically all the influences that a government has on your business could be classified here. This can include government policy, political stability or instability, corruption, foreign trade policy, tax policy, labour law, environmental law and trade restrictions.

What political factors affect Apple?

Political Factors in Apple PESTEL Analysis These include government stability, level of bureaucracy, corruption, freedom of press, home market lobbying groups etc. Additionally, activities of trade unions can be mentioned as important political factors for Apple.

Why is political factors important?

Political factors Governments can raise or lower corporation tax , which will impact on profits. They can also affect businesses by increasing value-added tax on products or business rates. They can bring in new laws like the National Minimum Wage , which impacts on profits and employment rights.

What are the major environmental factors affecting retailing?

Macro Enviornment Factors in Retailing

• Demographic Enviornment.
• Political/Legal Enviornment.
• Social/Cultural Enviornment.
• Economic Enviornment.
• Technological Enviornment.

What is meant by political factors?

Political factors involve the decisions and laws that governments make. These include: tax. laws. political stability.

What is Apple’s current strategy?

Apple Inc.’s business strategy in 2020 can be summarized as providing the best customer experience with “the best products on earth”. The multinational technology company is well known for its iMac and iPhone.

What are some of the strategic factors of Spotify?

Spotify experiences a variety of strategic influences, although the strengths, weaknesses, opportunities, and threats included in this SWOT analysis are some of the most readily observable regarding the on-demand media streaming business. 1. Strong brand based on service popularity 2.

Which is a weakness of the Spotify Business?

In this SWOT analysis, such an internal factor is a weakness that limits Spotify’s profitability by taking a major chunk of the company’s subscription revenues. Another weakness to consider in this SWOT analysis of Spotify is the dependence on Internet connectivity. This internal strategic factor is based on the online nature of the business.

How is Spotify changing the economics of music?

What is certain is that Spotify is changing the economics of music. Ludvig Werner, the head in Sweden of IFPI, an organisation representing the record industry globally, says: “The music industry has never been so different from one country to another. For instance, 10,000 CD sales in Poland can make more money than being number one in Sweden.”

How did Spotify affect the music industry in Sweden?

Music sales have increased by more than a quarter from their nadir in 2008 and Sweden has become one of the first countries in the world where streaming services – listening to music over the internet without owning it – make more money for the industry than CDs or downloads.