General Environmental Analysis Research Paper
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
General Environmental Analysis Research Paper
One of the factors that affect the demographic segment of family clothing stores is a considerable population in the industry. Therefore, the corporation does not need to open multiple stores or expand its operations in different markets. The available stalls must meet customers’ needs to prevent expansion that can increase expenses rather than profits (Suttle, 2020).
The other element is changes in spending habits among middle-class individuals. The middle-class families have limited cash for purchasing optional products. Another demographic factor is that most individuals are engaging in family planning processes, which reduce the household population (Suttle, 2020). The retail sector experiences challenges in forecasting sales capacity since the number of buyers are unpredictable.
Graph 1: Middle-class Spending
Source: (Euromonitor International, 2020)
The financial performance of an economy has a significant influence on the economic segment. During the boom period, individuals have access to disposable income. People can purchase clothes that increase sales for retailers in the industry. However, recessions can harm the financial performance of the retail sector because fewer people are willing to buy clothes.
The other element that affects the economic segment is the financial stability of individuals in the country. Most of the citizens in the economy have not attained the average level of economic security (Suttle, 2020). The retail sector might not achieve the sales target because the clients are unwilling to optional items.
Political/ Legal Segment
The first element in the political segment that can influence operations of the food clothing stalls is the imposition of legal policies. The government can control the manufacturing activities of the sector by restricting manufacturers to purchase local materials.
The idea can affect the quality of goods producers, which influences customer satisfaction rates. The other factor can be the imposition of levies. Retailers remit the highest corporate tax in the US (Suttle, 2020). Therefore, the burden might be pushed to consumers by increasing the prices of clothing.
One of the socio-cultural elements that affect the activities in family clothing stalls is sustainability processes. For instance, supply-chain companies are changing materials for making clothes. It increases the costs of clothes and discourages buyers from purchasing the products multiple times.
Besides, sustainability policies are changing, but businesses are accountable for incorporating new processes. Another element that affects the clothing industry is variations in trends (Singh, 2017). The retail industry must change their clothing to fulfill customers’ desires. The graph depicts the performance of fast fashion brands in the industry.
Graph: Fast Fashion vs. Competitors
Source: (Singh, 2017)
Technology has been affecting the clothing industry since its incorporation. The underlying factor that influences the industry operations is the demand and availability of materials. A supply shortage of specific resources, including wool, can affect the production rates of the clothing industry.
However, the introduction of other styles has a significant impact on the old fashion. Advanced technology is essential in improving the quality of items. The clothing industry will satisfy customers, which increases the sales capacity. However, technology can be disruptive, which affects operations in the clothing sector.
For instance, technology has forced retailers to adopt digital promotion and communication methods (Suttle, 2020). Technology might computerize processing activities in the clothing industry in the future.
The variations in clients’ beliefs and practices can influence the retail sector of family clothing. Another factor is accessibility to the items in the industry. Globalization affects the elements since it has transformed multiple activities across the world (Marketing Charts, 2018). Besides, people can access goods using online platforms, which can expand the target market base of clients.
Graph: E-commerce in the Fashion Industry
Source: (Marketing Charts, 2018)
Euromonitor International. (2020). Mexico: It’s all about the Middle Class. Euromonitor. Retrieved 11 April 2020, from https://blog.euromonitor.com/mexico-its-all-about-the-middle-class/
Marketing Charts. (2018). E-Commerce Grows in the Fashion Industry – Marketing Charts. Retrieved 11 April 2020, from https://www.marketingcharts.com/industries/retail-and-e-commerce-106623
Singh, G. (2017). Fast Fashion has Changed the Industry and the Economy | Ganit Singh. Retrieved 11 April 2020, from https://fee.org/articles/fast-fashion-has-changed-the-industry-and-the-economy/
Suttle, R. (2020). The Macroenvironmental Factors Affecting the Clothing Industry. Retrieved 11 April 2020, from https://smallbusiness.chron.com/macroenvironmental-factors-affecting-clothing-industry-37254.html
General Environmental Analysis Research Paper
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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