egal ForcesThe Limited, Inc. along with other companies in the apparel industry do not have to be concerned for the most part about government regulations. In the past some companies in this industry for violating child labor laws at the manufacturing levels. This dealt a damaging blow to these companies public images. The United States government is not to demanding on the apparel industry. Although the Limited is facing serious accusations dealing with the Internal Revenues Service. The Limited is disputing an IRS claim that the company owes $58.2 million in taxes on an almost $172 million deposit to The Limited, Inc's bank. The IRS is ruling that Limited, Inc's World Financial Network Bank of Whitehall is not a bank. Deposit of the disputed money was made by Mast Industries. This is by far one of the most serious legal issues this company has ever faced.EconomicThe Limited, Inc. currently possesses a slightly above average economic structure. The primary economic factor that affects this company is fluctuating interest rates. Fluctuating interest rates influence companies borrowing and investing activities. The Limited borrows money to pay for business operations. The more that The Limited borrows the more they will pay in interest. The fluctuation of interest rates influence how companies borrow. The lower the rates the more The Limited can use commercial paper to finance projects such as marketing strategies.Social/Cultural/CompetitiveCertain forces affect The Limited's external environment. Social and cultural factors play a large part in how well the Limited fairs in their business activities. Employees tend to cause problems of domestic violence, absenteeism, tardiness, productivity, security, medical costs and office moral. Most of the stores target consumers in their thirties and below. The Limited tends to hire even younger floor workers. For most of those workers, it is their first or second job. Sometimes...
