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Describe Business Pressures.

Describe Business Pressures.

Answers

Kavungya
- Business pressures are related to the business environment
- The term business environment refers to the social, economic, legal, technological, and political actions that affect business activities
- Business pressures are divided into the following categories:
i). Market
– The market is Global, Competitive, and is characterized by a changing workforce and powerful consumers
ii). Societal
– These includes factors such as Social responsibility, Government regulations, budgets/ subsidies and ethics
iii). Technology
– Technology includes innovations, obsolescence, and Electronic Commerce e.t.c.
Kavungya answered the question on May 9, 2019 at 09:49

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