INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following examples illustrates how environmental factors are interrelated?
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The economy affects what competitors are doing.
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New legislation will be written in the future
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Low investor confidence heavily impacts financial planners
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The economy affects banking institutions
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Explanation:
Detailed explanation-1: -Enterprise environmental factors include organizational culture, structure, and processes. workmanship standards.
Detailed explanation-2: -Some examples include new technology and changes in taxes, interest rates, or minimum wages. In business terms, these are called external factors. Read on to find out how external factors influence business and how companies can adapt to the ever-changing external environment.
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