An analysis of macroeconomic and industry conditions of woolworths Essay

An analysis of macroeconomic and industry conditions of woolworths - Essay ExampleASX reveals the details of Woolworths and Wesfarmers in the competitive market. It is a financial market exchange that offers services such as listings clearing, settlement, and trading crosswise a wide range of asset classes. Woolworths is a retail chain store that deals with food merchandise. On the other hand, Wesfarmers is a company that deals with retail operations covering food merchandise, supermarkets, specialty department stores, strong drink and fuel outlets, office and home supplies etc (Mankiw, 2003).A set of factors largely influence how companies, for instance Woolworths and Wesfarmers, will operate. These factors influence whether or not a particular company will meet its mission as intumesce as realise its vision. The Australia- in the altogether Zealand Closer Economic Relations Trade Agreement (ANZCERTA) is a pact that combines Australia and New Zealand. Woolworths strives to meet th e needs of its large market of customers in both countries. This is made simpler callable to the fact that policy-making stability is experienced in both countries. Political stability is a crucial factor in development. Economic factors are quite advantageous to Woolworths considering that Australia and New Zealand show economic stability. Based on everlasting(a) domestic product, Australia and New Zealand are ranked 10th and 30th respectively the by International fiscal Fund (Mankiw, 2003).Customers are loyal to companies that meet their individual desires. These desires include preference for organic products over inorganic ones. These socio-cultural factors influence the companies strategies as they also desire to fully tap into the market. The purchasing power of the customers is good due to the economic stability that fuels the high standard of living. In addition, legal and regulatory factors such as policies prefer the retail industry in Australia. It is these factors t hat make Woolworths a huge beneficiary. However,