The analysis used to determine the position of business in the market is done by using PESTLE analysis, given in Exhibition A. Precedent Study works under the rules and regulations directed by federal government and food authority. The company is more focused on its items and services to make sure about the item quality and security.
Political.
The political effect on the business is greatly affected by the government laws and guidelines. In efforts to make good food, Precedent Study is changing the requirements of food and drink production.
Economic.
Initiation of business where the capital earnings of each individual matters for the increased net sale as this differs country-to-country. The economy of the Precedent Study Business in U.S. is growing year by year with variable products launch particularly concentrating on the dietary food for babies.
Social.
The social environment continues changing with respect to time like the attitude of the customer along with their lifestyles. Any product and services of any business can not be successful till the company is not worried about the living system of the customer. Precedent Study is taking procedures to satisfy its goals as the world is in search of healthy and tasty food.
Technological.
In the development of business, strategic procedures are somewhat obligatory. Precedent Study is among the top famous international firm and by time it invests in various departments to take its products to new level. Precedent Study is spending more on its R&D to make its items healthier and healthy providing customers with health advantages.
Legal.
There is no such effect of legal aspects of Precedent Study as it is more concerned over its laws and policies.
Environmental.
Precedent Study, in terms of environmental effect is devoted to work in eco-friendly environment with preservation of the natural resources and energy. As due to the manufacturing of larger number of products there may be a hazard if the resources used are recyclable or not.
Exhibit A: PESTEL Analysis
