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Pestle (Political (Labour Laws:This is the relationship between workers…
Pestle
Political
Labour Laws:This is the relationship between workers and employees. Its the rights which helps them during their work
Infrastructure: This is the physical structures of the business. Such as transportation, power supply,etc
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Social
Education:If more people aren't getting a good education then it can be hard for them to recruit people as they would not be able to get the skilled workers.
Demographic change: High population, ageing population and low birth rates can affect the business as they would not be able to sell all the products.
Consumer tastes: The trends and the fashion of the area can affect the business because they will not be able to sell their products.
Changing lifestyles: Some people can have lifestyle changes such as exercising or the population might grow.
Environmental
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Choosing Suppliers: This can he very hard to choose the right supplier because they have to have reasonable prices and their quality should aldo be good.
Child labour: If a business is seen to have child labourers then their image can be spoiled and their profits can be decreased.
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Technology
Organisational Change: This is when they can minimise the amount of employees they have so they don't need to pay the employees.
Efficiency: Efficiency is an important attribute because all inputs are scarce. Time, money and raw materials are limited, so it makes sense to try to conserve them while maintaining an acceptable level of output or a general production level.
Internet Connectivity: This is how fast the internet can travel from one place to another and how the employees can communicate to their customers.
Automation: This is the introduction of automatic equipment which can help businesses to cut their costs as they need to increase their profits.
Economic
Exchange rates: This can affect a business as the price of importing and exporting goods can change which puts pressure on the business.
Interest rates:Is the extra amount of money which you need to give back to the government after you pay the initial amount. This can concern a business as they may need to pay a higher interest rate.
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Consumer spending: If the customer has to pay high income taxes they will have less money to pay for other items this can make it difficult to purchase other luxury goods and businesses can lose out on profit.
Legal
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Health and safety laws: These are laws which are for all the employees to ensure that they are safe in the working environment.
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