INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
When conducting an environmental scan, which of the following is an economic factor that a business should consider:
|
|
Consumer spending habits
|
|
|
Local demographics
|
|
|
Global trade regulations
|
|
|
Restricted sales territories
|
Explanation:
Detailed explanation-1: -Answer: The four important factors of environmental scanning are events, trends, issues, and expectations.
Detailed explanation-2: -Human Resources, capital assets, and technological assets are a part of the internal environmental factors that affect environmental scanning.
Detailed explanation-3: -Economic factors include current and projected economic growth; inflation and interest rates; job growth and unemployment; labor costs; impact of globalization; disposable income of consumers and businesses; likely changes in the economic environment.
There is 1 question to complete.