Question

Select two businesses that you are familiar with; identify the major elements of their external environments that are most likely to affect them in important and meaningful ways.

Answer 1

According to data :- P. Nol ale The major elements of their external environments most likely to affect Starbucks D political factors :- political factor is a major element of the exfanal environment that have a dislect impact for starbucks to operate its busines an other Countries as well as home country Starbuda experiences the following political factors * Regional integration of markets * Improving government Support for the infrastructure * Sourcing the slow materials * Tax policy Employment laws & Economic factors. Economic factors may impact to Starbucla busines for example in the high economic growth of developing Countries and decreare *

P. 2 Unemployment rates Greate opportunities for Starbucks. other factors also include local Currency exchange rates, taxation level etc. 3) Technological factors - It includes the introduction of innovation technology, development in agriculturo, biotechnological development etc. They have a major effect on Starbucks Busines for example, the rising availability of home use Coffee machines is a threat to the Company e legal factors - Some legal factors like product safely regulations, increasing employment regulation, generally modified organisms (Gmo) regulations cutside the US s Environmental factors Starbucks should Coneider environmental rules and regulations, global warming environmental disasters in countries.

P.3 The major elements of their external environment those axo most litely to affect Tim Horton. Country has in recent means D political factors - It includes * The political stability that a years * If minimum wages are low if higher profits * Employment laws * Trade barries. 3) Economic factors Tim Horton should consider economic factors such as changes in the rate of inflation, the interest rate that affets individuals are writing to borrow and interest, foreign exchange rate, and stage of the economic cycle of The Country.

o Mather Conditions P.4 Social factors In each country culture or Social influence in different. These factors direct reflection of Society. It includes population growth rates, Safety and health factors, different demographics Culture factors a) Technological factors Some of the technological factors that may influence Tim Horton such as technological development and breakthroughts made by Competitors. Environmental factors The Current may affect Tim Horton to manage the transporation, climate Create change may Some product useless, availability of renewable resources, all those Surrounding environmental factors impact Tom tbeton pleall, Vote positively ... plz...