what are some factors that affect global product descions today?
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12-12-2012, 06:52 PM
Post: #1
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what are some factors that affect global product descions today?
what are the political, environmental, social, technological, economic and legal issues that affect a business when marketing a product/making a new one. How have these changed in recent years.
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12-12-2012, 07:00 PM
Post: #2
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Local business laws need to be complied with, environmental circumstance given due consideration, social and cultural traditions and mores need to be complied with and laws or conventions that affect the acceptance or viability of a marketed product or service.
The constant change technological, cultural and political affects directly consumer bias and demand. One ether requires the tenacity to control and determine the demand of a readily available supply or conform to any status quo vis a vis pertaining to business law. Ads |
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12-12-2012, 07:00 PM
Post: #3
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This sounds more like a business related question than an economic question.
Political: political negotiations peace treaties/war zones free trade areas environmental: source from environmentally friendly materials and suppliers negative externalities/byproducts social: affecting culture/image affecting local jobs source recognised e.g. if made by Brits or somewhere in Europe Technological: can it be bought over the internet? digital goods speed of delivery Economic: where can we get it for cheaper source of competition (5 forces, SWOT) long term strategic options exchange rates Legal: quotas tax intellectual property laws stretch of legal protection differences in international laws I'm going to give an example: an entrepreneur, that I know, is able to source his labour and materials from all over the world at a fraction of the price he has to pay his workers in the UK (whilst providing the foreign workers reasonable standards of living) using his ipad. Hope this helps |
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