Bus499 assignment 2 | Business & Finance homework help
The motorcycle industry is subject to a variety of external forces that are constantly influencing the way in which it operates and evolves. These encompass both macro-level changes such as political and economic trends occurring on global scales as well as micro-level developments within local markets impacting individual companies within the sector.
At a macro-level, one of the major driving forces for change has been technological advancements leading towards the emergence of electric bike models potentially revolutionizing how motorcycles are manufactured, sold, and used in years to come due to their green credentials along with high levels performance. Additionally increasing importance placed on safety considerations following various accident reports over recent decades have also shifted focus towards designing vehicles more resistant from potential physical harm.
On more localized levels meanwhile, customer tastes tend fluctuate significantly across diverse countries or regions varying greatly depending on preferences such type or design being favored by particular groups hence forcing manufacturers adjust accordingly if they wish remain competitive when selling products abroad.
Finally, as with any industry, legal requirements enforced by government regulatory bodies must be followed or else companies can face heavy fines which often leads towards production lines needing modifications in order meet these standards all while still trying maintain profits margins intact for shareholders.
Overall therefore it can be seen that there exists multiple factors affecting motorcycle industry some more obvious than others all requiring close monitoring in order ensure businesses operating successfully within this sphere remain profitable yet compliant going forward.