The analysis used to determine the position of business in the market is done by using PESTLE analysis, given up Exhibition A. Petrochina works under the rules and guidelines directed by government and food authority. The company is more concentrated on its product or services to ensure about the item quality and security. This analysis will help in understanding environment of external market in the international food and drink markets. (Parera, 2017).
Political.
The political influence on the company is greatly influenced by the government laws and guidelines. The business has to fulfill its requirements offered by government otherwise it has to pay fine. Petrochina is significantly supported by Government to satisfy all the requirements of standards like acts of health and wellness. In efforts to make excellent food, Petrochina is altering the requirements of food and drink manufacturing. This might cause the violation of governmental guidelines and policies.
Economic.
Initiation of the business where the capital earnings of each specific matters for the increased net sale as this varies country-to-country. The economy of the Petrochina Business in U.S. is growing year by year with variable items launch especially focusing on the nutritional food for infants.
Social.
The social environment continues changing with respect to time like the mindset of the customer along with their lifestyles. Any services or product of any company can not achieve success until the business is not concerned about the living system of the consumer. Petrochina is taking steps to fulfill its objectives as the world remains in search of healthy and yummy food.
Technological.
In the development of service, tactical steps are somewhat mandatory. Petrochina is among the top popular multinational company and by time it buys various departments to take its items to new level. Petrochina is investing more on its R&D to make its items much healthier and nutritious providing customers with health advantages.
Legal.
There is no such impact of legal factors of Petrochina as it is more concerned over its laws and regulations.
Environmental.
Petrochina, in regards to environmental impact is dedicated to work in environment-friendly environment with conservation of the natural resources and energy. As due to the production of larger number of items there may be a hazard if the resources used are recyclable or not.
Exhibit A: PESTEL Analysis
