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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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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Detailed explanation-1: -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.
Detailed explanation-2: -Examples of environmental factors affecting business include employees, competitors, suppliers, customers’ needs, owners, government regulations, market trends, technological developments, social factors, and economic factors.
Detailed explanation-3: -Technological factors. Economic factors. Political and legal factors. Demographic factors. Social factors. Competitive factors. Global factors. Ethical factors. More items •29-Mar-2023