The business environment consists of several factors that affect a business's ability to be successful and operate profitably. C
reating the right business environment is the foundation for social benefits of all kinds. Businesses operate in a dynamic environment that consists of economic, technological, competitive, social, and global factors. Businesses normally can't control their environment or the changes that occur, but they need to monitor it carefully and do what they can to adapt to the changes. Read the descriptions of each company, then match it with the appropriate environmental force. a. Environmental Forces:
b. Economic and Legal
c. Technological
d. Competitive
e. Social
f. Global
1. Jeffries Roofing: In its proposals, Jeffries Roofing describes the materials to be used and the price. When a customer signs a bid, it becomes an enforceable contract.
2. Borders Booksellers: As customers began downloading digital books and music from the Internet, Borders struggled for years and eventually declared bankruptcy.
3. BlackBerry: When the BlackBerry phone system quit working, 70 million customers were affected. Many of those customers turned to other cell phone providers that offered the reliable service business customers demand, often at a lower price.
There are different kinds of business. The business environmental force is technological.
<h3>What is business environment?</h3>
Business environment is known to be the overall totals of all the factors that is said to be external to a business firm and that often influence their activities.
It is said to ranges from factors and forces such as customers, competitors, suppliers, government, technological and others
Keynes would predict that aggregate income would decline, but rise in the future, if the additional savings were not translated into investment. According to the Keynesian model. the government puts price controls on the economy, keeping the price level fixed.
