4 Questions Essay Example | Topics and Well Written Essays - 500 words

4 Questions - Essay ExampleFor instance, the world of diet soft drinks offering low amounts of sugar is indicative of a social trend whereby consumers guard increasingly become health conscious. These elements are crucial for any business and hence should be taken into account and business policies should be adapted according to much(prenominal) changes in lifestyle of people to fend for their competitive positioning in the industry. The businesses on the other hand should also take into consideration the implications of their harvestings and better them accordingly. For instance the increasing trend of environment protection and global warming has led to manufacturing of environmental social products such as Toyotas hybrid car Prius.Political elements such as government legislations in favor or against a particular goods / service can greatly influence the manufacturing and marketing of that product causing severe damage to its profitability. These semipolitical elements a re likely to have more significant opposition on industries which are highly dependent on governmental aids such as budgets and subsidies. For instance, the Aerospace and disaffirmation industries are highly influenced by defense budgets allocated by the government as well as the political relations between certain countries. This can affect the major players in the industry such as Boeing, EADS , Dassault Aviation etc.The advancement in technology brings about several changes in the marketing of products of a company. The various technological tools available offer different ways to approach the same needs and demands of the customers devising the competition extremely fierce. Increased technological advancement also often go aways to faster obsolescence of products. The demand for a particular technology is dictated by the markets and hence required to be adopted by companies providing such products in order to sustain their revenue flows. The sheer number of players available in the market would lead to customer switching and hence