Final answer:
Different external factors impact specific products; economic factors affect home builders, technological advancements influence Tide laundry detergent and iPhones, political/regulatory issues are pivotal for Pfizer heart medicine, and social/cultural trends affect Gap jeans.
Step-by-step explanation:
When analyzing the impact of external factors on various products, it is important to recognize that different industries and products are affected by different aspects of the external environment. Each category, such as economic, technological, political/regulatory, and social/cultural factors, can have varying degrees of impact on different sectors and their products.
Impact on Specific Products:
- Economic factors are likely to have the greatest impact on a home builder. Changes in interest rates, housing market trends, and overall economic health can significantly influence the demand for new homes.
- For Procter & Gamble's Tide laundry detergent, technological advancements may have a profound effect on the product. These could include enhancements in chemical formulations or packaging improvements that make the product more effective or environmentally friendly.
- The success of the Apple iPhone is also highly dependent on technological innovation. Advances in chip design, software, and new features can drive consumer demand and product differentiation.
- Political/regulatory factors are crucial for Pfizer's heart medicine. Drug approvals, patents, and healthcare regulations can affect the development, sale, and competition within the pharmaceutical industry.
- The popularity of Gap jeans can be impacted by social/cultural trends, such as changes in fashion preferences, brand perception, and consumer lifestyle choices.