What regulations must you follow, and have they changed in the last 5, 10, 20 years?

When developing your products or services, it is crucial to identify the external factors or forces that are either opportunities or threats. As a reminder, the macro factors discussed in this module are political-legal, economic, social, and technological. For instance, when considering political factors, be sure to think about policies, environmental issues, and laws or regulations. For economic factors, consider the impact of globalization, taxes, and the current state of the economically. Social factors are determined by the people. You’ll be considering how your customers, target market, and buying habits affect profits and purchases. Lastly, technological questions focus on technology related to your business, such as the tech you use daily, and how advancements provide a competitive edge.

 

ANSWER ONLY ONE OF THESE POLITICAL QUESTIONS :
What trading policies impact business?
What regulations must you follow, and have they changed in the last 5, 10, 20 years?
What environmental issues, if any, should be addressed (i.e eco-friendly resources/products, natural disasters, pandemics, etc)
Has new legislation passed that affects your organization?

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