The analysis used to measure the position of company in the market is done by utilizing PESTLE analysis, provided in Display A. Concordia Casting Co works under the guidelines and policies directed by government and food authority. The company is more focused on its products and services to make sure about the item quality and security.
Political.
The political impact on the business is significantly influenced by the government laws and policies. In efforts to manufacture good food, Concordia Casting Co 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 Concordia Casting Co Company in U.S. is growing year by year with variable items launch especially concentrating on the dietary food for infants.
Social.
The social environment keeps altering with regard to time like the attitude of the consumer as well as their lifestyles. Any product or service of any business can not achieve success until the company is not concerned about the living system of the customer. Concordia Casting Co is taking procedures to satisfy its objectives as the world remains in search of healthy and yummy food.
Technological.
In the advancement of business, tactical steps are somewhat obligatory. Concordia Casting Co is among the leading famous multinational firm and by time it invests in various departments to take its items to new level. Concordia Casting Co is spending more on its R&D to make its products much healthier and nutritious offering consumers with health benefits.
Legal.
There is no such impact of legal factors of Concordia Casting Co as it is more concerned over its laws and policies.
Environmental.
Concordia Casting Co, in terms of environmental impact is committed to operate in environment-friendly environment with preservation of the natural deposits and energy. As due to the manufacturing of bigger variety of products there may be a hazard if the resources utilized are recyclable or not.
Exhibit A: PESTEL Analysis
