Asked by Katie McFarland on Jun 26, 2024
Verified
Vermilion Inc. is an American business consulting company. The company is planning to open its office in Argentina. Jensen, a manager at Vermilion, suggests that the company should conduct a PEST analysis before taking this step. Which of the following is a political factor that Vermilion should take into consideration in its PEST analysis?
A) Tax rates in Argentina
B) Wage rates in Argentina
C) Poverty rates in Argentina
D) Specific industry conditions in Argentina
Political Factor
Refers to governmental influences that can affect the operation and profitability of businesses, including laws, policies, and political stability.
PEST Analysis
A strategic business tool used to identify, analyze, and monitor the macro-environmental factors that may have a profound impact on an organization's performance.
Tax Rates
The percentages at which individuals or entities are taxed on their income, property, or sales.
- Understand the role of PEST analysis in improving comprehension of various markets.
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Learning Objectives
- Understand the role of PEST analysis in improving comprehension of various markets.
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