P6 How does political, legal and social factors impact business activities of selected organisations and their stakeholders
Political factors: Politics can Nike.in both negatively and positively through changes made to tax, labor and national security laws. For example, politicians can raise taxes directly on businesses or on individuals, which ends up costing the company in the long run as people spend less money on goods and services. Alternatively, Nike profit when citizens receive tax incentives.
Legal Factors: Businesses can be affected by many aspects of government policy. In particular, all businesses must comply with the law. They must also consider the impact of any forthcoming legislation on their operations. This may require taking action before the legislation comes into effect. One issue that affects manufacturers and retailers of electronic goods is the disposal of these products at the end of their life. Recycling is high on the public agenda. There are government initiatives to promote more recycling. These initiatives are sometimes backed by legislation. For example, the Waste Electrical and Electronic Equipment (WEEE) regulations are designed to reduce the amount of electronic waste going to landfill sites. Businesses must obey these environmental laws. However, a company that goes further by taking other measures to minimize its environmental impact will be seen more favorably by consumers. Another is how they’re manufactured; trade unions and government auditors may inspect the work environment which will have an impact on production. They will see that the workers are being treated well by law and see that they get their fair share Likewise for Nike.inc, their manufacturing outputs will be closely monitored.
Social Factors: Society is continually changing. For example, tastes and fashions constantly change. As an example, consider the growing popularity of social media such as Facebook, especially among younger people. Unlike their parents, young consumers have been brought up in an age where mobile phones and computers are used every day. Young customers are more likely to use digital technology, to shop online and to prefer online methods to print images. Older generations are more likely to stick to traditional methods. For example, they are more likely to want to have their photos developed and printed in-store. Businesses will adapt to this norm and start to cater to the needs of the new generations and start to create online services to maximize profits. Nike.inc now have raced ahead of the game by providing tons of new features online that will attract the younger generation or those who would prefer to order via online and customize their desired product. This feature alone was a boundless success for Nike.inc. This is a direct impact on distribution and manufacturing. Nike has to specifically manufacture customized clothing and wear and have to directly deliver it to the customers.

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Political: Political actions may have repercussions or benefits, similar to Nike. If politicians raise the standards of quality within t