Internal factors affecting businesses

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Internal factors affecting businesses This article aims to identify and assess the key internal factors affecting businesses. Different types of businesses have different needs when it comes to growth. External factors like competitors or economic conditions can be influential; however, they do not necessarily tell the whole story about what it takes for a business to succeed. Internal factors are often overlooked but can play an even more significant role in determining whether a company succeeds or fails.   Examples of internal factors affecting businesses There are usually three key […]

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Stakeholders in the grocery and supermarket (retail) industry

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Stakeholders in the grocery and supermarket (retail) industry ‍This article aims to identify the key stakeholders in the grocery and supermarket (retail) industry. There is no doubt that the global grocery and supermarket industry is a fragmented one, with several players operating in different segments. This diversity is evident from the variety of stakeholders who are involved in this industry.   The size of global food and grocery retail market is enormous. It is expected to reach $14.78 trillion by 2030 (ResearchAndMarkets, cited in Yahoo Finance, 2022). The industry has […]

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PESTEL analysis of the mining industry

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PESTEL analysis of the mining industry This article offers a detailed PESTEL analysis of the mining industry, with examples drawn from both developed and developing economies. Mining is the process of extracting resources from the ground. This industry has grown into one of the most important ones in many countries. It offers great rewards for companies; however, it comes with a lot of risks as well.   Political environment affecting the mining industry The political environment can affect the mining industry significantly. For instance, if the government has a policy […]

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Marketing mix of Best Buy (4Ps of Best Buy)

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Marketing mix of Best Buy (4Ps of Best Buy) This article ‍offers a comprehensive examination of the marketing mix of Best Buy (4Ps of Best Buy). The marketing mix is a model that illustrates the interactions between the four key items in marketing: product, price, place, and promotion. It explains how a company goes from an idea to a finished product that consumers can buy. Certainly, Best Buy has developed an excellent marketing strategy by leveraging its expertise in technology and human touch. It is an American consumer electronics company, […]

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Marketing mix of Home Depot (7Ps of Home Depot)

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Marketing mix of Home Depot (7Ps of Home Depot) This article offers a detailed assessment of the marketing mix of Home Depot (7Ps of Home Depot). The Home Depot is an American company. It is one of the biggest home improvement retailers in the world. It has devised and implemented a comprehensive marketing strategy which is one of the key factors behind its impressive success.   Products of Home Depot Home Depot offers a wide variety of products that include but not limited to lumber, home improvement products, lawn and […]

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PESTEL analysis of the fitness (gym) industry

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PESTEL analysis of the fitness (gym) industry This is an in-depth PESTEL analysis of the fitness (gym) industry. The fitness industry is growing very fast in many countries around the world. It is evolving from a niche to a mainstream industry, and many players have entered it with long-term plans and strategies. As a result, there are many challenges for all those involved in this ecosystem. However, the challenges also present tremendous opportunities for those willing to seize them.   Political factors that affect the fitness (gym) industry The fitness […]

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Marketing mix of Costco (7Ps of Costco)

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Marketing mix of Costco (7Ps of Costco) This is a detailed analysis of the marketing mix of Costco (7Ps of Costco). Costco is an American membership-based warehouse club. It has been thriving for a long time in an increasingly competitive environment because of its efficient marketing mix strategy. In fact, its marketing mix plays a pivotal role in its success.   Product strategies of Costco Costco sells everything from food and electronics to clothing and home appliances. It offers brand-name and high-quality merchandise at substantially lower prices than those of […]

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Advantages and disadvantages of free market economies

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Advantages and disadvantages of free market economies This is a detailed analysis of some of the advantages and disadvantages of free market economies. A free market is an economic system in which a country’s capital, goods, and services are allowed to circulate freely. However, it lacks some of the safety nets that planned economies offer their citizens in case the economy crashes suddenly.   What is a free market economy? A free market is an economy in which a substantial part of the economic activity is organised through free markets, […]

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Porter’s five forces analysis of the U.S. airline industry

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Porter’s five forces analysis of the U.S. airline industry This is a detailed Porter’s five forces analysis of the U.S. airline industry. The market size of the domestic airlines industry is around $138.9 billion (IBISWorld, 2022). There is no doubt that the market size is massive and the demands for both business and leisure travelling are on the rise. Therefore, some airlines focus on the domestic market heavily. However, the market is not as friendly as it is big. Certainly, it has undergone significant changes over the years. These changes […]

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Stakeholders of Primark (Stakeholder Analysis)

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Stakeholders of Primark (Stakeholder analysis) This is an in-depth and critical analysis of the stakeholders of Primark (Stakeholder analysis). Stakeholders are all the people and organisations who have something to gain from Primark’s products, services, or actions. They may also lose something if it does poorly. They include but not limited to employees, customers, suppliers, competitors, and pressure groups.   Internal stakeholders of Primark   Employees of Primark Employees keep a business running. If a company is small, it may have just a few employees. On the other hand, if […]

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