The analysis utilized to measure the position of business in the market is done by using PESTLE analysis, given up Exhibit A. Autoliv Qb Proposed Joint Venture works under the rules and regulations directed by federal government and food authority. The company is more focused on its product or services to make sure about the product quality and safety. This analysis will help in comprehending environment of external market in the international food and drink markets. (Parera, 2017).
Political.
The political impact on the company is significantly influenced by the federal government laws and policies. In efforts to manufacture great food, Autoliv Qb Proposed Joint Venture is changing the requirements of food and beverage production.
Economic.
Initiation of business where the capital earnings of each specific matters for the increased net sale as this differs country-to-country. The economy of the Autoliv Qb Proposed Joint Venture Company in U.S. is growing year by year with variable items launch particularly concentrating on the nutritional food for babies.
Social.
The social environment keeps changing with regard to time like the mindset of the customer as well as their lifestyles. Any product and services of any company can not succeed up until the company is not concerned about the living system of the consumer. Autoliv Qb Proposed Joint Venture is taking procedures to meet its objectives as the world is in search of healthy and yummy food.
Technological.
In the advancement of company, tactical measures are somewhat compulsory. Autoliv Qb Proposed Joint Venture is among the top well-known international firm and by time it purchases different departments to take its products to new level. Autoliv Qb Proposed Joint Venture is spending more on its R&D to make its products healthier and nutritious supplying customers with health advantages.
Legal.
There is no such impact of legal aspects of Autoliv Qb Proposed Joint Venture as it is more worried over its laws and policies.
Environmental.
Autoliv Qb Proposed Joint Venture, in regards to environmental impact is committed to operate in environment-friendly environment with conservation of the natural deposits and energy. As due to the production of larger number of products there might be a risk if the resources used are recyclable or not.
Exhibit A: PESTEL Analysis
