Marketing Essay Example | Topics and Well Written Essays - 1250 words - 27

Marketing - Essay Example These markets have huge growth potential of the business. It can as well start online business prospects for its clientele around the globe. The market is persistently working to develop its distribution channels and enter new markets. The political structures within the United States and the other countries such as Canada and Japan are excellent forms of government for the business. One of the major threats within the industry is the aggressive competition from the established market players. The Spitalfields is not just competing in single sector or market but it competes with an extensive range of other forms of sellers (Aspers, p. 203). Their competitiveness modifies due to the diverse product types they supply. Secondly, the financial situation of the countries is the massive cause of hindrance for the clientele to reduce their shopping requirements so as to meet their standard of living. Spitalfields business practices get influenced by the political scenarios of the host as well as the home regions. It is offering high wage rate to its staff due to its agreement with the union bars and it has lay down new principles for its staff regardless of the political guidelines of a state. The economic scenario for Spitalfields continues to be steady as the sales of the business is in consistent with the financial system (Pappalepore et al, p. 221). The economic aspects on which the performance of Spitalfields is based are the arrangements of tax disbursement, investment and grants, complexity of moving as well as raising funds, costs of the merchandise, financial and economic guidelines and rates of exchange. Cultural diversity is an important factor for Spitalfields and multi-cultural workers is the key to its employee dealings. Market’s trade practices are helpful in enhancing its relations and standing with the clientele, workers and with