Business
Running head: PEER REVIEW 1
PEER REVIEW 5
Molekule air filter
The product of focus is the Molekule air filter. Molekule air filter is a piece of technological equipment used to purify the air by filtering unwanted content in the air, such as viruses, gaseous chemicals, bacteria, and molds from air breathed in the home environment. The Molekule air filtering ability is enhanced through the use of PECO technology. The PECO technology is the acronym of Photo-electrochemical oxidation technology that is used to capture any unwanted properties in the home environment air. The previous research done for Canada, Iran, and Tanzania is not enough since gaps exist for the chosen product. Various factors influence the use of Molekule Air Purifiers within Canada, the USA, Iran, and Tanzania. The use of Molekule Air Purifier among the three countries can best be highlighted through the PEST analysis.
Political factors
The political factors that affect the use of Molekule Air Purifiers within Canada, USA, Iran, and Tanzania include the rate of electronics imports, rate of tariffs, tax policy rates, and political stability rate.
|
Country |
Canada |
USA |
Iran |
Tanzania |
Reasons |
|
Electronic Imports |
9.7 |
7 |
16 |
25 |
Countries are not able to manufacture all the electronics they need. |
|
Tariff rates |
1.99 |
2 |
5 |
10 |
Standards used by countries to control the importation of electronics. |
|
Tax policy rates |
5 |
7 |
10 |
18 |
Tax policies are applied to various products to control their importation. s |
|
Political stability |
5 |
7 |
2 |
3 |
The government’s willingness to provide a conducive environment for international business to take place. |
("Tariff rate, applied, weighted mean, all products (%)," 2020)
Politics play a significant role in the success of technology in any given country. The adoption of Molekule Air Purifier in Canada, the USA, Iran, and Tanzania is highly influenced by the government's attitude towards electronics imports. High tax rates in Iran and Tanzania reduce the chances of Molekule Air Purifier from succeeding since it will be sold at high prices that the majority of the population cannot afford.
Economic factors
The economic factors that affect the accessibility and use of Molekule Air Filter in Canada, Iran, and Tanzania include; unemployment, poverty, inflation, and minimum wage rates.
|
Country |
Canada |
USA |
Iran |
Tanzania |
Reasons |
|
Unemployment |
5.67 |
13.3 |
11.99 |
1.91 |
Lack of access to employment opportunities |
|
Poverty |
11.2 |
12.3 |
40 |
36 |
Lack of access to economic activities to improve living standards |
|
Inflation |
0.61 |
2.24 |
34.22 |
3.86 |
Rate of currency devaluation |
|
Minimum wage |
9.52 |
7.25 |
1.5 |
0.60 |
The actual minimum wage for all employed people. |
("Tax rates tool test page," 2020).
Poverty and unemployment rates reduce the buying ability of people which make it hard for them to adopt the usage of Molecule Air Purifier. Unemployment reduces funds in the hands of people, which reduces their purchasing power. High inflation rates in Tanzania and Iran make it hard for people to spare money for purchasing Molekule Air Purifier since it is something that they can do without. The Molekule Air Purifier can be adopted in Canada and USA easily die to the favorable economic conditions.
Social factors
The social factors that affect the use of Molekule Air Purifiers in Canada, USA, Iran, and Tanzania include the rate of adult literacy, percentage of income tax, health rates, and community safety rates.
|
Country |
Canada |
USA |
Iran |
Tanzania |
Reasons |
|
Adult literacy |
98 |
99 |
97 |
78 |
Access to education |
|
Income tax rate |
15 |
10 |
15 |
30 |
The rates include minimum tax brackets |
|
Population health rate |
79 |
78.54 |
78 |
65 |
Access to health care facilities |
|
Community safety rate |
87 |
82 |
66 |
60 |
Rate of security personnel provision to prevent crime occurrence. |
("Literacy rate by country 2020," 2020)
Technological factors
The technological factors that affect the use of Molekule Air Purifiers in Tanzania, USA, Iran, and Canada include the level of local inventions, technology education, and the government's investment in technology.
|
Country |
Canada |
USA |
Iran |
Tanzania |
Reasons |
|
Local Inventions |
High |
High |
Low |
Low |
Availability of technical education |
|
Technology education |
High |
High |
Low |
Low |
Government’s investment in technical education |
|
Government’s investment in technology |
High |
High |
Low |
Low |
Government’s priority in technical education |
|
Use of renewable energy |
4.9 |
11 |
0.2 |
17.3 |
Investment in renewable energies. |
The adoption and use of the Molekule Air Purifier machine since they influence the rate in which different populations are exposed to such technologies. For Molekule manufacturers to enter and succeed in the international market, they will have to use the best strategy to enter the international market. Partnering with technology companies in Canada, the USA, Iran, and Tanzania is a strategy that will allow Molekule Air Purifier to enter the international market and succeed.
References
Literacy rate by country 2020. (2020). 2020 World Population by Country. https://worldpopulationreview.com/countries/literacy-rate-by-country/
Most technologically advanced countries in the world 2020. (n.d.). Global Finance Magazine. https://www.gfmag.com/global-data/non-economic-data/best-tech-countries
Tariff rate, applied, weighted mean, all products (%). (2020). World Bank Open Data | Data. https://data.worldbank.org/indicator/TM.TAX.MRCH.WM.AR.ZS
Tax rates tool test page. (2020, February 23). KPMG. https://home.kpmg/xx/en/home/services/tax/tax-tools-and-resources/tax-rates-online/individual-income-tax-rates-table.html
Unemployment rate - Countries - List. (2020). TRADING ECONOMICS | 20 million INDICATORS FROM 196 COUNTRIES. https://tradingeconomics.com/country-list/unemployment-rate