changes in a business environment

Question 1

what technological changes can a business experience?

Answer 1

working from home, advancement in office technologies, transport services like uber

Question 2

what economic changes can a business experience?

Answer 2

inflation, interest rates - because your cost of production will be higher/ everything costs more = rising prices. makes it difficult to borrow money + customers will buy less

Question 3

what legal changes can a business experience?

Answer 3

laws - can be fined for non-compliance eg advertising tobacco and how that got made illegal

Question 4

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Answer 4

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