Question

The business environment consists of several factors that affect a business's ability to be successful and operate profitably.Creating the right business environment is the foundation for social benefits of all kinds. Businesses operate in a dynamic environment that consists of economic, technological, competitive, social, and global factors. Businesses normally can't control their environment or the changes that occur, but they need to monitor it carefully, and do what they can to adapt to the changes.Read each description and determine which environmental force is being described.
a. Environmental Forces:b. Economic and Legalc. Technologicald. Competitivee. Socialf. Globalg. Businesses:Boarders Booksellers- Boarders Booksellers struggled for years and eventually declared bankruptcy as consumers increasingly turn to downloading books from the Internet rather than buying hard copiesSnap for Seniors- Eve Stern is an entrepreneur who started a business to serve the growing number of older Americans. Snap for Seniors lists housing providers and matches the elderly's needs with facilities.Blackberry- When the BlackBerry phone system quit working, it affected 70 million customers. Those customers turn to other cellphones which offered the reliable service business customers demand, at a lower price.Jeffries Roofing- Tom Jeffries owns Jefferies Roofing company. In his proposals, Tom describes materials to be used and a price. When the customer signs the bid, it becomes an enforceable contract.WalMart- In China, Walmart has nearly doubled in size and made "Made in China" stickers are visible all over Walmart stores in the United States.

Answer 1

Answer:

1. technological

2. Social

3. Competitive

4. Economic and legal

5. Global

Explanation:

environmental forces can be defined as those factors that have the ability to affect or influence how an organization or business operates.

based on the question, 5 environmental forces have been identified with each:

1. Technological

for Booksellers- Boarders, they eventually went bankrupt because of technological advancement that has made books readily available on the internet. so people easily go for these soft copies rather than the hardcopy that they used to.

2. Social

Snap for Seniors- Eve Stern is an entrepreneur who started a business. this is a social environment force that is involved in serving the needs of the elderly.

3. Competitive

blackberry- When the BlackBerry phone system quit working, it affected 70 million customers. Those customers turn to other cellphones which offered the reliable service business customers demand, at a lower price. customers are always likely to go to the side of the competition where prices seem to be fairer.

4. Economic and legal

Jeffries Roofing- Tom Jeffries owns Jefferies Roofing company. In his proposals, Tom describes materials to be used and a price. When the customer signs the bid, it becomes an enforceable contract.

5. Global

WalMart- In China, Walmart has nearly doubled in size and made "Made in China" stickers are visible all over Walmart stores in the United States.

Answer 2

1. technological

2. Social

3. Competitive

4. Economic and legal

5. Global

The following information should be considered:

• Technological: for Booksellers- Boarders, they eventually went bankrupt due to technological advancement that has made books readily available on the internet.
• Social: Eve Stern is an entrepreneur who started a business. this is a social environment force that is involved in serving the needs of the elderly
• Competitive: When the BlackBerry phone system quit working, it affected 70 million customers.
• Economic and legal: Tom Jeffries owns Jefferies Roofing company.
• Global:  In China, Walmart has nearly doubled in b and made "Made in China" stickers are visible all over Walmart stores in the United States

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