The analysis used to determine the position of company in the market is done by using PESTLE analysis, given up Display A. Concordia Casting Co works under the guidelines and guidelines directed by federal government and food authority. The business is more focused on its services and products to ensure about the item quality and safety. This analysis will help in comprehending environment of external market in the international food and beverage markets. (Parera, 2017).
The political effect on the business is greatly influenced by the government laws and policies. In efforts to produce excellent food, Concordia Casting Co is changing the standards of food and drink production.
Initiation of business where the capital income of each private matters for the increased net sale as this varies country-to-country. The economy of the Concordia Casting Co Company in U.S. is growing year by year with variable products launch specifically concentrating on the dietary food for infants.
The social environment keeps on altering with regard to time like the mindset of the consumer as well as their way of lives. Any service or product of any company can not succeed till the company is not worried about the living system of the consumer. Concordia Casting Co is taking measures to fulfill its goals as the world remains in search of healthy and delicious food.
In the development of service, tactical steps are rather compulsory. Concordia Casting Co is among the leading popular international firm and by time it invests in different departments to take its products to new level. Concordia Casting Co is investing more on its R&D to make its products much healthier and nutritious supplying customers with health advantages.
There is no such impact of legal factors of Concordia Casting Co as it is more worried over its laws and policies.
Concordia Casting Co, in regards to environmental impact is devoted to operate in eco-friendly environment with preservation of the natural deposits and energy. As due to the manufacturing of larger number of products there might be a hazard if the resources used are recyclable or not.
Exhibit A: PESTEL Analysis