Describe How Political, Legal and Social Factors Impact on 2 Organisations and Their Stakeholders P6 Including M3

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P6M3 How does political, legal and social factors impact business activities of selected organisations and their stakeholders Nike Political factors: Politics can both negatively and positively through changes made to tax, labor and national security laws. For example, politicians can raise taxes directly on businesses or on individuals, which ends up costing the company in the long run as people spend less money on goods and services. Alternatively, Nike profit when citizens receive tax incentives. Nike would respond accordingly to the games of politics. From increasing interest rates to adjusting their demographic models. Legal Factors: Businesses can be affected by many aspects of government policy. In particular, all…show more content…
Social: Population growth rate and age profile is data the NHS will have to update constantly. Social impacts relate to change is society and social structures. Changes in the structure of the population, and in consumer lifestyles and behaviour affect buying, treating and disease patterns, something the NHS will have to continuously adapt to. M3 contrasting businesses There are many legal, government and social factors that affect both NHS and, analyzing them is also important. One of the factors that affects business, and even charities and public services like NHS is simply GDP. As we know, analysts use GDP to measure whether or not a country is submerging below negative, which means a recession. It is an accurate indication of a countries output, while GDP per capita has a close correlation with the trend in living standards over time. Another factor is taxation. Corporate tax is currently around 21%. Tax is a sum of cash that businesses have to give to the government annually, monthly or maybe every 6 months. The sum is calculated by the businesses overall income by the end of the set tax day, then takes the set % from that sum. Legal: Minimum wage actdirectly affects every single organisation. The minimum wage act means that all workers receive, at the least, the minimum wage. Currently it is around £6.31 an hour. If businesses fail to provide this, employees can take legal

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