Political- Knowing the country 's politics means knowing one 's rules and regulations in the country as well as its standing. Now for some examples: If a government is running under good governance, foreign investment will be good and businesses will be good. If the government runs under bad governance, both local and foreign businesses suffer and investments will drop low. Talk about why the Philippines is still more preferable for business than countries like North Korea. If taxes are too tight, businesses can become cumbersome. In the Philippines were there are areas of good political handling vs. bad ones like in how the government renders services, it would determine which area they would want to be. Foreign investors who go to the …show more content…
Talk about how the Philippine government for instance during inflation becomes a discouragement for business. The gross domestic product can also dictate it. For example, China with high GDP and with the Philippines during high GDP days would be good for investment. However a low GDP is very bad because it means business isn 't booming. Interest rates would also matter. If the country has a very high interest rate, there would be no borrowing. In the case of lower interest rates, borrowing is encouraged however if it is too low, it 's also a red signal because the country 's funds can end up being kissed goodbye. Exchange rates would also matter. For example the Philippine peso to US dollar would matter in this way- if the prices of dollars go up, Americans would invest in the Philippines because their money can do more investments. Or in the case of smaller exchange rates, it can mean getting cheaper labor but is also a ground for exploitation. The status of either being developed, developing and underdeveloped becomes an issue. While the Philippines as developing economy is certainly good for electronics market, however a country with a bad economy is where those gadget wizards would avoid as much as …show more content…
There is the policy of treating the customer right, that every consumer (the end user) has their safety concerned. B.Z. in Santa Claus the Movie (played by John Lithglow) wasn 't paying attention to consumer laws with his shoddy manufacturing like his flammable doll or the teddy bear filled with dangerous stuff (sawdust, broken glass and nails to be precise). This is done to protect the welfare of the customer. Antitrust laws or competition laws. Clearly competition is a reality we must face. However to do something unethical to your competitor like steal their secret formula and seeking to monopolize the industry by various means like destroying the competitor in a ruthless manner (ex. frame them up so they get out of the way). All these are violations. Because without competition in business, I doubt it that the economy will turn around. Health and safety laws must be adhered. So I 'm done with B.Z. now for another example. Spongebob 's colored patties were obviously a violation of health and safety laws as he sold those food items without considering the ill consequences that it did to the consumers. Mr. Krabs also wasn 't paying attention to that when he refuses to use new supply of water to wash the dishes or trying to sell a rotten patty which could kill customers out of his
Businesses practice unfair sales tactics that take advantage of consumers. A. The Federal Trade Commission does not have
They are just doing their job, which is to sell a product, but the consequences, usually unintended, are often destructive to individuals, to cultures, and to the planet.” (p. 75). She provides many examples that support
The business right under the statue is the ability to make a compliant to the competition of Bureau in case of anti-competitive behaviour (185). Businesses before their rights has obligations they need to follow. These obligations are restrictive trade practices, promotion and advertising products. The first obligation can be divided into three categories. First, a company should be careful with its dominant position, and not use their power to defeat smaller companies, for example with pricing.
The United States Supreme Court, the FDA requested that many similar cases such as this were prosecuted by the Department of Justice. The FDA allotted a number of reasons for further investigation into prosecutions including the reoccurrence of similar issues, life threating or injuries from violations and the knowledge of these violations by management. (park powerpoint). These prosecutions are a good foundation for investigation, but could go further as to limiting the number of occurrences allowed for each company with particular health issues, including bug infestations, temperature regulations and sanitation
Today McDonald’s has many more competitors such as; Carl’s Jr., Sonic, Chick-Fil-A and Burger King, which now provides kid’s meals with toys. Parents are infuriated by the fact that the free toy is making their children want the unhealthy food, yet they feel obligated to buy the meal to make their child happy. Though these children are still more interested in the popular the toy and will beg their parents to buy the meal from the fast food industry. Nevertheless many parents have stood up against the toys in their child’s meal. In Santa Clara, California there has been a banment of toys in children's meals.
I am amused by the answers provided here. The most amazing thing is no one have any idea about how economics work. I am not an economics expert, but this is the probably first thing you'll be taught in economics after demand/supply curve. Currency prices works like an index of prosperity in the respective nation.
1. Studying politics and government is an essential part of learning what the government controls and how. It also gives you an insight to the people who control the government and how their choices affect you. Studying politics and government are also important because as a U.S. citizen you have the right to vote. As a voter you should be as informed as you can be, that way you can vote on what you believe will have the best results for you.
Political Forces: The political stability is very important for the business to grow and last, according to that if the business has been operated in a politically unstable area, or in a country that is under a threat of wars that will lead to a loss for the business. Politics and governmental interferes is an important issue that is facing businesses and became a barrier in many situations. GAP Inc.
In order for Target to keep customer satisfaction high, they need to keep the number customer being injured or harmed inside the store to a minimum. They also need to make sure the products it sells inside their stores do not harm customers. This risk management work will lay the foundation for the risk evaluation of new products being sold inside the store. Target will also create a process to respond to alerts from manufacturers that there is a potential risk to customer
For example, the sales of Apple products in US will decrease if there is a rise in the US. Because of this the purchasing power will also decrease. Hence the sales will be reduced. Hence, to reduce the rise effect, Apple has purchased itself foreign currency.
There is also the factor that pressure to act unethically often comes from salespeople having to work both with their companies and customers, the goals of which do not always align. Salespeople might do something unethical to close a sale with a customer, but in the long run, that type of behavior will be detrimental to the salesperson’s career, reputation, and could hurt the
Introduction “So glam, so Kylie.” That’s the motto of Kylie Cosmetics, one of the newest companies from the United States to join the cosmetics industry. Despite it being around for only less than a year, Kylie Cosmetics has been highly raved about by many mainly due to its owner being Kylie Jenner, a known television personality. Kylie Cosmetics was initially praised for its lip kits where consumers would get the ‘perfect pout’ or the ‘perfect Kylie look’. Eventually, the company turned into an all around cosmetics brand, providing makeup lovers with more than just lip products.
It is perhaps opportunely that our government is able to push through boundaries and traditions to come up with resolutions and better policies/laws. All this time, the Philippine Economy has been deemed to have strong growth hindered by political uncertainties. This is so true. We have a potential to be great and yet we still move slow towards our development and sustainability. Our country has its own strengths and weaknesses that affect positively and/or negatively our over-all status.
1.0 Introduction “Governments should play active roles in managing short-run instability in the economy caused by unemployment and inflation problems. ” I strongly agree with this statement as far as my own country is concerned. Singapore, although a very small island of about 700 square kilometres in the South East Asia, is an international business hub. The population is about 5.7 million as of July 2015 which consists of Chinese, Malays, Indians and other emigrants like Filipinos and Caucasians.
PESTLE analysis is include of political, economic, social, technological, legal and environmental factors. PESTLE is a business tool that used by companies to track and analyse the macro environment in which the company operate. This tool is very useful which help in overall growth and development of organization after learning from the past mistake and working for future. The first factor is political factor which include such as law of land, taxation policies, rules and regulation, trade restriction and so on.