'External factors upon the activities of a business Essay\r'

'Introduction\r\nIn this assignment, I result describe how external factors (political, legal, and social) argon impacting upon the activities of a business. My chosen business is McDonalds and I leave behind be explaining how the issues affect in both UK and India.\r\nMcDonalds †is the being’s largest chain of fast food restaurants. They primarily serve hamburgers, cheeseburgers, chicken products, French fries, breakfast items, kookie deglutitions, milkshakes and desserts. They also have options such as salads, apples, milk, and snack Wraps on the menu.\r\nLegal Factors\r\nThese be the laws and regulations affecting the business. or so(a) of the separate factors may include: freedom of information, selective information protection, employment law and copyright etc.\r\nUK and India’s Legal Factors\r\nHealth and safety †In the UK and India, the health and safety law is real important for all(prenominal) individual or employees especially in the wo rkplace, to proceed injury, death and illness. This affects some businesses especially in India because they urgency to have all equipment for health and safety which entrust cost them a lot to fill it up.\r\n provender Hygiene †In both countries, McDonalds has to be very hygienic in order for the business to uphold open and successful. The impact of an unhygienic restaurant would be catastrophic for the company’s image.\r\nRecruitment and survival of the fittest Law †All players must be tough equally. For illustration In UK, you cannot dismiss a worker for being pregnant. There should be proper standard before dismissing a worker otherwise it testament be treated as unfair dismissal. The disposal makes it mandatory to have a written rack of employment. It contains the details of the wage rate; working hours, and other necessary details regarding working conditions. The National nominal Wage in UK is currently £6.31 while in India; the minimum wage i s 118 rupees per day or around £1.50 which is very low comp ar to UK. In job to the UK, India can employ individuals aged fewer than 16 and the child labour in India has a unfortunate image as children are often go away unpaid.\r\n complaisant Factors\r\nThese are the aspects of population like for example; immigration, age of population, taste and fashion, belief, individual’s personality, attitudes and lifestyle.\r\nUK Social Factors\r\nImmigration †This has negative impact upon the social factors in UK. A long time ago, there wasn’t that many plenty living in the UK, however, in the 21st century, a lot of people from variant part of the world started to migrate and live in UK. The major impact is on population. It has an advantage such as a lot of people are skilled to be employed in the business. However, some migrants might be illegal entrants or perchance visa over stayers.\r\nAgeing Population †The demographics in UK illustrate that the numbe rs of older people are increasing. McDonalds can benefit from this ageing population as they can increase the range of their hot drink products in order to target and meet the positfully of older people. McDonalds can denounce more tidy products such as fruits and salads.\r\nLifestyle †Businesses are ever affected by the lifestyle as people have different fashions, tastes, moral philosophy, beliefs etc. As UK is a multi-cultural country, McDonalds needs to provide different selections of foods from different cultures such as in India McDonalds do not sell any beef products as it is prohibited in their religion.\r\nIndia Social Factors\r\n high school population growth †In India, due to high population, people have a hard time to find a job, as a result of this people don’t have enough funding for their daily expenses.\r\nHigh degree of corruption level †Corruption is a major issue that adversely affects its economy in India. The causes of corruption in In dia include excessive regulations, conglomerate taxes and licensing systems so they add extra cost to the business.\r\nBollywood popularity †Bollywood is the soubriquet for the Indian film industry. It became very popular as Indians are in love with movies.\r\n governmental Factors\r\nPolitical factors are factors that deal with the public. For example; EU membership, tax government support for business, infrastructure (roads), skills, business ethics (corruption).\r\nUK Political Factors\r\nEU membership †McDonalds will need to act in accordance to the European regulations. virtuoso of the regulations is the working hours where workers must only work for no more than 48 hours.\r\nTaxation †McDonalds is affected by the government taxes, such as income taxes and business rate as it is a large business, meaning that a lot of tax is taken away from their profits. And McDonalds will have to pay tax. Tax has an impact on McDonalds as it will be taken saturnine their an nual profit which will result in less diligence for shareholders.\r\nIndia Political Factors\r\nInfrastructure †India isn’t modernized unlike UK; the technology systems are lots less advanced which could affect the business cogency to produce, to sell, expand, and demand. The roads are not well established. And if McDonalds in India have poor machinery, poor buildings and facilities, then it win’t benefit the business and won’t be able to expand.\r\n'