Pest Analysis

2.4 External Market Environment 2.4.1 Political / Legal Environment It is fundamental that [ club] abide by the laws and regulation of Trinidad and Tobago. [ political party] always considers the laws and regulations requirements for all our products and advantages. Our company has upstartly adjusted our employee wage due to the implementation of a higher minimum wage of $12.50. The safety of both our employees and customers argon very important to us. We ensure all our customers and employees are non expose to any health risks by thoroughly employing the occupational Safety and Health Act (OSHA). Our employees forget be inevit qualified to wear the appropriate protective gears for their respective operations such(prenominal) as mounting lighting equipment and decorations. All our events would be inspected by trained health and safety officers to ensure we are providing an surroundings safe for our customers. We are required to have several licenses such as Bar license, Food Badge and in just about instance Noise permits. Additionally, it is our duty to pay cooperate taxes and internal Insurance. Economic Environment [Company] services are geared to high- income consumers. This indicates that consumer purchasing exponent is determined by their income.

The recent down fall of the spherical and local economies has had a negative effect on consumers deal for [company] products. While [company] market share has not change the returns on sales has fallen. This is because; while consumers may continue to subscribe our service the quality and amount demanded has fallen. During this economic downfall our company was able to modify our products and services to suit the tighten the belt consumer behavior. Our company offered packages which were smaller and less extravagant to meet the changing demand of our consumers. Social and Cultural Environment The nature of the business being a leisure service and not a necessity will have an impact on our customers spending patterns. In recent times there has been a... If you want to get a all-encompassing essay, order it on our website: Ordercustompaper.com

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