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Bezzdna [24]
3 years ago
5

The "graying" of the population is an example of:

Business
1 answer:
-BARSIC- [3]3 years ago
4 0

Answer:

a. Customer environment.

Explanation:

The customer environment is a strategy to understand the customer base in the country or in the market. It includes demographics factors, customer´s preferences, and social value. Graying of population means how steadily the population or our customers are getting older.  

It helps the management to scan the business environment of a particular area. The customer environment is part of Eight strategic radar screens as well.

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The country that is being described in the statement given above is Hong Kong as they are considered as a newly industrializing country in which they have the capabilities of competing in regards with electronics and to specialize in the category of trade and banking.

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4 years ago
briefly explain what you consider an entrepreneur to be and describe the three most important attributes you need to develop to
expeople1 [14]

Answer:

An entrepreneur is a person who finds an economic opportunity in the market, and exploits it for his own benefit and the benefit of his employees and constomers by setting up a firm.

Explanation:

Three characteristic of an entrepreneur:

Opportunity seeking: entrepreneurs "scan" the market, seeking for market niches that have not been exploited.

Work-ethic: entrepreneurship is a difficult task, especially during the first years of the company. It demands very long work hours, and the entrepreneur must be willing to do that in order to be successful.

Risk-taking: entrepreneurs should evaluate risk when taking decisions, but they should not be the most risk-averse indidivuals. They have to take risks in certain situations because otherwise, they would not be able to become entrepreneurs at all.

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3 years ago
Mike norris was assigned as a business manager at an american mnc's russian subsidiary. in order to motivate his subordinates, m
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4 years ago
Consumers who read, hear, or see the message sent by a source during the marketing communication process are referred to as rece
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In a marketing communication process, the class of consumers who read, hear and see the message sent by a source are known as the receivers.

In marketing, the communication process consists of nine elements including the sender, receiver, encoding, decoding, message, media, response, feedback and the noise

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In conclusion, the consumers are called the receivers in a marketing communication process.

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A corporation with units in different countries must follow the legislation in force in the place, adapting its processes and services to essential requirements, such as payment of taxes and licenses to operate in the country.

Therefore, in addition to the economic responsibilities, there are also the responsibilities of cultural adaptation, so that the company has good acceptability by the local population and is well positioned in the market.

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