The analysis utilized to determine the position of business in the market is done by using PESTLE analysis, given in Exhibition A. Teacher Incentives works under the rules and policies directed by government and food authority. The business is more focused on its products and services to make sure about the product quality and safety.
Political.
The political effect on the business is significantly influenced by the government laws and regulations. In efforts to manufacture good food, Teacher Incentives is altering the standards of food and beverage manufacturing.
Economic.
Initiation of the business where the capital income of each individual matters for the increased net sale as this differs country-to-country. The economy of the Teacher Incentives Business in U.S. is growing year by year with variable products launch especially focusing on the nutritional food for infants.
Social.
The social environment continues changing with regard to time like the mindset of the customer as well as their lifestyles. Any product or service of any business can not achieve success until the company is not worried about the living system of the customer. Teacher Incentives is taking steps to fulfill its objectives as the world remains in search of healthy and tasty food.
Technological.
In the advancement of company, tactical measures are somewhat obligatory. Teacher Incentives is one of the top famous multinational company and by time it invests in various departments to take its products to new level. Teacher Incentives is investing more on its R&D to make its products much healthier and nutritious providing customers with health advantages.
Legal.
There is no such impact of legal factors of Teacher Incentives as it is more concerned over its laws and policies.
Environmental.
Teacher Incentives, in regards to ecological impact is devoted to work in environment-friendly environment with conservation of the natural resources and energy. As due to the production of bigger number of items there might be a hazard if the resources utilized are recyclable or not.
Exhibit A: PESTEL Analysis
