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Unit 1 P6

In: Business and Management

Submitted By Valkeric
Words 1063
Pages 5
Introduction
In this task I will describe how political, legal and social factors are impacting upon BMW’s (A profit making business) activities and their stakeholders. I will also examine how political, legal and social factors have impacted on BMW in the UK and China.
BMW
BMW group has luxury brands ranges MINI, Rolls-Royce and BMW it's a really popular cars so they are the main strengths of BMW. Their present positions in market are very renounced and faithful so company turnover and trading profit growth are additionally high. They are a reliable brand. BMW has a new technology and world’s leading premium quality of automobile manufacturer so it's create good reputation of all the customer and company profit are high.
Political Factors
The primary thing to perceive is that political variables factors an external constraint on a business, which simply implies that the political factors that influence a business are frequently totally out of the organization's control.
In this time plan, Gordon Brown penalize drivers of the echo-accommodating vehicles. In moved he declared that substantial contaminating cars would be higher rate of road tax £210 a year. So its means BMW needs to develop their car petrol motor so it’s performed longer and additionally last more life worth. BMW needs to constantly be watchful about dispatching new vehicles and give the correct safety supplies on it. Case in point BMW produce one of their auto with no air bags that could be illicit so all cars are generally checked.
The three political factors in regards to BMW are changes in taxation (corporation tax), grants to businesses and membership of the EU (sales opportunity).
Changes in taxation – A means by which governments finance their expenditure by imposing charges on citizens and corporate entities. Governments use taxation to encourage or discourage certain economic…...

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