BLUE
The key driver for change that contributes to the magnitude of business today is the population.
DEMOGRAPHIC FACTOR
One of the compelling factors that spell the survival of a business enterprise is the ability to get a good market share for its product.
ECONOMIC FACTOR
Consumer preferences are basically different for people living in different geographical locations.
GEOGRAPHIC, ECOLOGICAL & ENVIRONMENTAL FACTOR
is a physical or virtual setup where transactions are initiated and consummated between the seller and the buyer.
MARKET
are integral to human's existence and continuity, operate, survive and flourish within their own surroundings.
Business Environment
The social norms, practices, attitudes and behaviors of people in a society influence the business organizations are run or operated
SOCIOCULTURAL FACTOR
In essence, the government has a direct interest in ensuring the economic survival and growth of its economy.
LEGAL AND POLITICAL FACTOR
Discovery of new ways of doing things, effeciency, new products, and solutions to problems among others are some of the key benefits of advancement in technology.
TECHNOLOGICAL FACTOR
it is the lifeblood of any business is a sufficient working capital to finance the business operation.
CAPITAL/MONEY
How many factors that affects business?
6
It estimate the supply and demand occurring in the community
MARKET INFORMATION
selling of goods and services from the home country to a foreign nation.
EXPORT
a good or service bought in one country that was produced in another.
IMPORT
The quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy.
SUPPLY AND DEMAND
_________ is capitalizing to the available resources around you.
RAW MATERIALS