Demographics such as income, race and location are all factors that affect businesses. Businesses use this information in order to meet their customer's needs.
Demographic factors are measurable statistics of a population. These factors include such things as age, sex, income level, and marital status.
The sector the business is in, area of the business - retail, office etc. Where the business stands; if it's global, national, local or regional. Also depends on the type of business i.e Tesco, RSPCA.
There are many internal factors that affect the marketing mix in a business. The most obvious ones include price, place, promotion and the product.
What factors affect region location decision?
Consumers can affect a business based on consumptions of goods. The amount of goods that are bought and sold affect the profit and loss of a business.
Natural disasters1.Demographic factors like the population composition,size and location does affect the business environment. 2.Political interventions and environment one way or the other largely affects the.
how environmental factors affect in business
When demographic environmental factors change, businesses have to adjust. They have to make sure that their products are meeting the needs of the new market.
Political socialization is affected by demographic factors. Demographic Factors Political socialization is affected by a number of factors. Some of them include culture, attitude towards politics, economic status and much more.
Various factors can affect the globalization of a business. For example, cultural factors may affect how viable a product is in a certain location.
1.Demographic factors like the population composition,size and location does affect the business environment. 2.Political interventions and environment one way or the other largely affects the business environment. 3.The Legal environment also affects the business environment. 4. Economic factors like, Inflation, interest rate on loans, exchange rate systems.
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poor planing
They don't.
There are many different factors that affect business policy. These different factors range from shareholders to the dividend policy of a certain business.
Andrew Broadbent
what are the micro environmental factors that affect business environment?