External Environmental Analysis
External Environmental Analysis trends which are likely to affect the industry in which Bytes Products, Inc is operating are as follows;
Opportunities
* Job creation for the people in that vicinity of the plant.
* The company would be able to provide the products which are in demand thus maintaining their market share
* Local entrepreneurs are made possible, e.g. shops, restaurants etc..
* The existing businesses would have a boast in sales.
* More families would migrate to be closer to their jobs, which would bring in revenue for the community
* Real-estate prices may increase because it is now an industrial community
* Need for new schools in the area