Political Forces
One factor that might affect the progression is having the connection with a politician or with the influence of the higher authority and the power of the government. The intervention of the government is significant to the operation of entity since they are the one to promulgate tax law and government regulations and deregulation for the economic welfare.
Economic Forces
When the Philippines economic condition will be disastrous, income of most business will decline. Also, when the economy decreases demand of certain goods will most likely decrease. Also businesses will gain losses instead of profits. Some business ventures even foreclose. If the demand is not constant then price fluctuations occurs.
In addition, the economy of the United States of America has fallen down right now and because of this situation, included of this breakdown are mostly all sub-countries who are dependent on it. Due to this said Global crisis the Philippines is slightly affected or its economy is sagging, it is estimated that in the near future, many commercial banks, business establishments will be encourage to foreclosing their venture. If that happens, many of our existing and potential customers will lose their jobs and eventually we will lose our source of income as well.
Social Forces
Natural calamities and catastrophic events may head to law production of goods, delays, increase prices, and some agricultural products will be expensive due to high demands.
The impact of the baby boomers or the growing elderly population could merely change the cultural setting and norms.
Technological Forces
The businesses of today are bearing with the technological fast-growing which could integrate and conglomerate for the efficiency of the workplace. Also, this factor could make life easier and productive since there are newly invented products available in the market.
Industry Demand
Food is one of the staple needs of people so the demand for food is...