Apple has created a strong brand reputation that represents…

Apple has created a strong brand reputation that represents exclusivity. One could say consumers of Apple are willing to forego certain features available to other consumers in exchange for perceived status. Consumers of Apple products pay a premium that they are not likely to pay anywhere else, even if the rival company produces products with similar features and uses the same materials to make the product. This is a good example of __________.

A new, independently owned Italian restaurant has opened in…

A new, independently owned Italian restaurant has opened in a town that currently has 2 other Italian style restaurants, both franchise establishments. The owner knows that if his business receives great reviews in its first few years of being open, he will have the ability to raise prices higher than competitors because of its distinguished food and service. However, because the restaurant is new, they only have a small number of recurring customers. If he raises prices now, frequent customers may not come back. The setback of establishing prices at an amount that customers will want to pay is referred to as PorterÕs force of _____________.

ComptonÕs Bike shop is a manufacturer of bicycles located in…

ComptonÕs Bike shop is a manufacturer of bicycles located in Eastern Asia. They have been selling bicycles to local retailers in Asia for the last 10 years but want to expand their presence geographically and export to other countries around the world. They have targeted the United States as a potential market, but there are restrictive quotas on the import of bicycles from their manufacturing location. Under which element of the PESTEL analysis would the tariff be included?