Identify the business environment described in each case below.
a) The level of know-how and efficiency use of tools and other resources
b)Considers age,population density and market size
c)Considers beliefs, norms, attitudes, opinions and lifestyles which dictate consumer behavior
d)Factors that affect the consumers buying abilities in terms of income levels
Answer:
a)
-Technological environment
b)
-Demographic environment
c)
-Socio-cultural environment
d)
-Economic environment