The analysis utilized to determine the position of business in the market is done by using PESTLE analysis, given in Display A. Eric Wood A works under the guidelines and policies directed by federal government and food authority. The company is more focused on its product or services to make sure about the item quality and safety. This analysis will help in comprehending environment of external market in the worldwide food and drink industries. (Parera, 2017).
Political.
The political effect on the business is significantly influenced by the government laws and policies. The company needs to satisfy its requirements provided by federal government otherwise it needs to pay fine. Eric Wood A is considerably supported by Government to satisfy all the requirements of standards like acts of health and wellness. In efforts to manufacture excellent food, Eric Wood A is altering the standards of food and beverage manufacturing. This may cause the offense of governmental rules and regulations.
Economic.
Initiation of business where the capital income of each individual matters for the increased net sale as this differs country-to-country. The economy of the Eric Wood A Business in U.S. is growing year by year with variable products launch particularly focusing on the dietary food for babies.
Social.
The social environment keeps on changing with respect to time like the mindset of the consumer as well as their lifestyles. Any product and services of any company can not be successful until the business is not concerned about the living system of the customer. Eric Wood A is taking steps to meet its goals as the world remains in search of healthy and yummy food.
Technological.
In the advancement of service, tactical steps are rather mandatory. Eric Wood A is one of the leading famous multinational firm and by time it purchases various departments to take its items to new level. Eric Wood A is investing more on its R&D to make its items much healthier and nutritious supplying customers with health advantages.
Legal.
There is no such effect of legal aspects of Eric Wood A as it is more concerned over its laws and policies.
Environmental.
Eric Wood A, in terms of ecological effect is devoted to operate in environmentally friendly environment with conservation of the natural resources and energy. As due to the production of bigger number of items there may be a risk if the resources used are recyclable or not.
Exhibit A: PESTEL Analysis
