In addition, the time of turnover is short. For managers of multinational company in retail industry, cultural environment is a very important factor which they have to think about.
Also, the coverage of burgeoning retail industry has become much bigger than before. In Australia and America, Pizza is just a kind of food we eat very day. Multinational company is a result of the development of globalization. Also with the technology of internet retail industry will change much more diversification.
Many new types of retail are becoming more and more popular. At the same time, there are more challenges for them. Some examples of social factors that affect retail businesses include: As a result Of this, the profit Of David Jones will be promoted.
With its main strategy on operating that sell sigh quality products at reasonable price to customers in nearly 1 80 years, David Jones has become an ideal place for Australian and customers from all over the world.
In addition, after the world financial crisis, income of most families has been affected.
However, in China, Pizza has become a kind of fashion food. Therefore, the managers of retail multinational companies should consider all aspects such as transportation, advertisement and storage. At the same time, retail industry grows faster and faster.
From this example, we can find so many advantages to retail industry. Also, the coverage of burgeoning retail industry has become much bigger than before.
We cannot imagine that what our lives would become. For example, many customers can buy almost all products online without going there.
It is important, then, for retailer to adopt methods of managing the telecommuting arrangement so that all parties can benefit. It is very necessary to abide by the law.
According to survey Lois et al. A stable economic environment provides a stable environment for retail industry to develop.All businesses, whether domestic or international, are affected by the dynamic economic environment conditions prevalent in the market. Among many economic factors affecting business some are; interest rates, demand and supply, recession, inflation, etc.
All businesses, whether domestic or international, are affected by the dynamic economic environment conditions prevalent in the market. Among many economic factors affecting business some are; interest rates, demand and supply, recession, inflation, etc.
The political factors affecting business are often given a lot of importance. Several aspects of government policy can affect business. The political environment can impact business organizations in many ways. Companies should be ready to deal with the local and international outcomes of politics.
Introduction This is an individual assignment to discuss culture characteristics and its effects to a business environment.
Thus, this assignment will show the understanding of the culture importance, and providing the methods for cross culture management. Every business is influenced by social factors, a critical market analysis and strategy influence.
Retail businesses have a unique perspective. Analysis Retail industry, as a kind of business actions, is influenced by many factors such as economic environment, culture environment, political environment and technology development. In this part, I will analysis the role of retail industry in the whole economic environment.Download