INTRODUTION Great Start Nutrition Company has been eli.docx - INTRODUTION Great Start Nutrition Company has been elixir which was a home remedy and it

INTRODUTION Great Start Nutrition Company has been eli.docx

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INTRODUTION: Great Start Nutrition Company has been elixir which was a home remedy and it was made for special customers. The elixir was important in promoting and boosting the immune system of the body. The reputation of the elixir grew very fast because of the positive impact which it had on the health of the people. More products were developed and the demand for the product increased with time. Pfife was able to establish a manufacturing plant that continued to grow with time (Mozaffarian, 2017). The company was changed to pfife’s Elixirs and Remedies and provided the remedies to people from other regions. It became an international business and changed its name to Great Start Nutrition Company. The company focuses on assisting consumers to have the healthiest living possible and ensure that people live a healthy life. Some of the products which are produced by the company are vitamins and food supplements, personal care for individuals at a different age, protein, and fitness. PESTEL analysis of Great Start Nutrition Company
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It is a strategic tool which is utilized in the analysis of the environmental operations of a business and overall profitability. In the Great Start Nutrition Company, It is important in understanding challenges which are faced by the company. Political factors in the company have effects on the profits and the operation of the business. Before entering the market, one has to consider the political stability of the area or of the market. Contract enforcement and legal framework for the operation of the business are also important (Nekrasov & Melnyk, 2017). The company also considers pricing regulations in different countries. Price of the commodity in one country can vary and the business has to ensure that the issue has been addressed very well. It also understands the benefits of the employees that are provided by the employers and safety regulations. Great Start Nutrition Company provides consumable goods and has the responsibility of making sure that the products meet the required standards and do not have adverse impacts on the consumers. Economic factors Some of these factors are interest rates of the company,
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rates of foreign exchange, inflation rates and savings of the company. Great Start Nutrition Company uses there factors to forecast for growth rate. The economic factors which are considered in the macro environment include an economic system that takes place in different countries. Economic stability and government intervention which influence free market as well as consumer goods (Clifford & Curtis, 2016). Economic growth is also considered together with the rate of unemployment. There are some countries where unemployment is a problem and the company has come up with strategies of providing employment to some people.
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  • Fall '16
  • Christopher L. Litten, MA, Ph.D.

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