There are no political trends in the market that could have positive or negative impact on the company by any means. Indeed, the increasing competition in the market has created very worse situation for the whole industry. Because, the quality, price is very important. However, the political or the legal trends might have affected the company if it exports the appliances to the different countries in the world. But, there are no other implications of the politics, and legal trends on the company. However, it is important for the company to adopt process standardized system to protect the health of the customers, and reduce the environmental affects as well.
The working class people in the market are the target population. Whereas, it can determined that people working in companies, and organizations are target. Since, they also prefer to have the coffee maker in their homes and in offices as well. Because, the organizations have been providing their employees with the coffee makers in their offices, and it has become a trend in every organization and company. On the other hand, it can be determined that it is also trend in the working class population to use the coffee makers in the organization and in their houses as well.
Furthermore, as technology have become a culture in 21st century especially in the developing countries as well as developed countries. For example in the old ages when there was nothing like technology, peoples used to live normally but today the technology has formed some new rituals, culture such as you should have account on the social media to be active socially. Similarly, the technology has formed new culture and rituals in the todayâ€™s life. Meanwhile, making tea or the coffee through the electronic appliance has become a trend in both developed and in the developing countries.
The physical environment has become very important for the company to consider because, today there are many complications and complexities that have raised due to the increasing environmental effects. However, there are many causes that contributes to the exploitation of the environment, and affects everyone who lives on earth. Meanwhile, company has to take care of the factors involved in the exploitation of the environment in the production process as well.
Power of buyer
There is high power of the buyers as it is not necessary that coffee makers are only purchased by the individuals and households. But there are also companies, organizations, and the coffee roasters, or the coffee sellers who can have high influence over the company, and could compel company to reduce the prices of the products.
Power of supplier
There is low power of supplier in the market because, the company could purchase the material and inventory from the different suppliers in the market. On the other hand, there is huge competition in the market, so the supplier could not play its monopoly in the market to influence the prices of the product andÂ Â services they have been offering. Similarly, there are less chances that suppliers could form the association in the country to the influence the prices. Because, the coffee makers have various routes to get supplied with the material or the inventory…………………….
This is just a sample partial work. Please place the order on the website to get your own originally done case solution.