The analysis utilized to measure the position of business in the market is done by utilizing PESTLE analysis, given in Exhibition A. Daqi works under the rules and regulations directed by government and food authority. The company is more focused on its products and services to make sure about the product quality and safety.
Political.
The political influence on the company is greatly influenced by the government laws and guidelines. The company has to fulfill its requirements provided by government otherwise it has to pay fine. Daqi is significantly supported by Government to meet all the criteria of requirements like acts of health and safety. In efforts to manufacture excellent food, Daqi is altering the requirements of food and drink production. This may trigger the infraction of governmental guidelines and policies.
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 Daqi Company in U.S. is growing year by year with variable items launch especially focusing on the dietary food for infants.
Social.
The social environment keeps altering with regard to time like the attitude of the customer as well as their lifestyles. Any services or product of any company can not be successful up until the business is not concerned about the living system of the consumer. Daqi is taking procedures to satisfy its goals as the world remains in search of healthy and delicious food.
Technological.
In the development of business, tactical procedures are rather compulsory. Daqi is one of the leading popular multinational firm and by time it invests in different departments to take its products to new level. Daqi is spending more on its R&D to make its items healthier and healthy providing consumers with health advantages.
Legal.
There is no such impact of legal elements of Daqi as it is more concerned over its laws and regulations.
Environmental.
Daqi, in terms of ecological impact is devoted to work in environmentally friendly environment with conservation of the natural deposits and energy. As due to the production of bigger number of items there may be a danger if the resources used are recyclable or not.
Exhibit A: PESTEL Analysis
