The analysis used to measure the position of business in the market is done by using PESTLE analysis, given in Exhibition A. Knox Electronics 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 security.
Political.
The political impact on the company is greatly affected by the government laws and guidelines. In efforts to produce great food, Knox Electronics is changing the standards of food and beverage production.
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 Knox Electronics Company in U.S. is growing year by year with variable products launch particularly focusing on the nutritional food for babies.
Social.
The social environment continues changing with respect to time like the attitude of the consumer along with their lifestyles. Any product or service of any company can not be successful till the business is not concerned about the living system of the consumer. Knox Electronics is taking procedures to meet its objectives as the world remains in search of healthy and yummy food.
Technological.
In the development of service, tactical procedures are somewhat necessary. Knox Electronics is among the leading popular multinational company and by time it purchases different departments to take its products to brand-new level. Knox Electronics is spending more on its R&D to make its products much healthier and healthy offering customers with health benefits.
Legal.
There is no such impact of legal factors of Knox Electronics as it is more concerned over its laws and regulations.
Environmental.
Knox Electronics, in terms of ecological effect is committed to operate in environmentally friendly environment with preservation of the natural deposits and energy. As due to the manufacturing of bigger variety of items there might be a danger if the resources used are recyclable or not.
Exhibit A: PESTEL Analysis
