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TLE TOH :) <3
Learning Task 4
Directions: Briefly discuss the following concepts of market and environment and how they can affect the business.
A. Natural and Physical Environment.
B. Demography.
C. Culture.
D. Government Regulations.
E. Economy
F. Technology
TLE TOH :) <3
Learning Task 4
Directions: Briefly discuss the following concepts of market and environment and how they can affect the business.
A. Natural and Physical Environment.
B. Demography.
C. Culture.
D. Government Regulations.
E. Economy
F. Technology
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Answer:
B. Demography is a study in human population and their characteristic and in terms of business, the owner must understand the demographics of its consumers in able to determine their needs and wants according to their age, gender, status, etc.
E. Economy refers to making and trading of goods and services. Economy affects business in terms of the products and services being offered, the number of employees, the prices, the salary.
F. Technology is a device, machine or equipment that function through electricity and it can affect the business positively, business owners and employees can make use of it for manufacturing, goods and services online promotions, convenient to use making jobs easier and faster for employees.