The analysis utilized to measure the position of business in the market is done by utilizing PESTLE analysis, given in Display A. Buckeye Power And Light Company works under the rules and guidelines directed by federal government and food authority. The business is more focused on its services and products to make certain about the product quality and safety. This analysis will help in understanding environment of external market in the international food and beverage industries. (Parera, 2017).
Political.
The political influence on the company is significantly influenced by the government laws and policies. The company needs to satisfy its requirements offered by federal government otherwise it has to pay fine. Buckeye Power And Light Company is greatly supported by Federal government to fulfill all the requirements of standards like acts of health and wellness. In efforts to manufacture great food, Buckeye Power And Light Company is changing the standards of food and drink manufacturing. This might trigger the offense of governmental rules and policies.
Economic.
Initiation of business where the capital income of each specific matters for the increased net sale as this varies country-to-country. The economy of the Buckeye Power And Light Company Business in U.S. is growing year by year with variable products launch particularly focusing on the nutritional food for babies.
Social.
The social environment keeps changing with respect to time like the mindset of the customer as well as their way of lives. Any service or product of any company can not be successful till the company is not concerned about the living system of the customer. Buckeye Power And Light Company is taking steps to meet its goals as the world is in search of healthy and yummy food.
Technological.
In the advancement of business, strategic steps are somewhat necessary. Buckeye Power And Light Company is among the top well-known multinational company and by time it purchases various departments to take its items to new level. Buckeye Power And Light Company is investing more on its R&D to make its items much healthier and nutritious offering customers with health benefits.
Legal.
There is no such effect of legal elements of Buckeye Power And Light Company as it is more concerned over its laws and policies.
Environmental.
Buckeye Power And Light Company, in terms of ecological impact is dedicated to work in environment-friendly environment with preservation of the natural deposits and energy. As due to the manufacturing of bigger number of items there may be a risk if the resources utilized are recyclable or not.
Exhibit A: PESTEL Analysis
