4(F) Flashcards

1
Q

Driving forces (2) GLISTC

A
  • Competitors
  • Legislation
  • Globalisation
  • Technology
  • Innovation
  • Societal attitudes
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2
Q

Competitors

A

Competitors are businesses within the same industry that sell similar goods or services to a business.

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3
Q

Legislation

A

Legislation is the laws and legal regulations that a business has to follow.

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4
Q

Globalisation

A

Globalisation is the process by which businesses are becoming more interconnected, allowing for increased international trade and cultural exchange.

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5
Q

Innovation

A

Innovation is the process of altering and improving or creating new products or procedures.

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6
Q

Societal attitudes

A

Societal attitudes are the collective values, beliefs, and views of the general public.

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