CHAPTER 13 - External Factors Flashcards
1
Q
SOCIAL
A
businesses have to adapt to any changes that occur in society
- increased consumer awareness
- changing demand patterns
- increased number of women at work
- more part - time workers
- urbanisation
2
Q
TECHNOLOGY
A
New technology means production becomes more capital - intensive and costs are reduced
3
Q
ENVIRONMENT
A
- global warming
- habitat destruction
- resource depletion ( resources like oil running out )
- sustainable development
4
Q
POLITICAL
A
Some parts of the world are politically unstable. Businesses need to be cautious if they develop interests in such countries.
