Describe How Political, Legal and Social Factors Impact on 2 Organisations and Their Stakeholders P6 Including M3
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.
Nike would respond accordingly to the games of politics. From increasing interest rates to adjusting their demographic models.
Legal Factors: Businesses can be affected by many aspects of government policy. In particular, all …show more content…
Political: Political actions may have repercussions or benefits, similar to Nike. If politicians raise the standards of health & quality within NHS, they will be directly funded by the government. NHS is affected by the government type and stability within parliament.
Legal: Government laws will be in instant affect with NHS and other businesses, regulation and de regulations