Political Factors Affecting Toyota’s Business
Toyota is subject to the effects of political conditions. This dimension of the PESTEL/PESTLE analysis model identifies the impacts of government on firms and industries. In Toyota’s case, the following are the significant political external factors in the remote or macro-environment:
1.Political stability in most major markets (opportunity)
2.Free trade agreements (opportunity)
3.Governmental support for ecofriendly products (opportunity)