Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Identify the environmental factor that is a characteristic of an attractive environment for a business

Sagot :

tutorconsortium345

Low customer bargaining power is a sign of a favorable business climate.

What are the main determinants of the business environment?

Environmental elements in business are the circumstances that exist in a workplace. In business, technological, economic, social, political, and cultural factors are the most crucial environmental factors. The business environment is anything that is related to a firm organization. It affects the decisions, strategy, workflow, and performance of the company. Social, technological, economic, legal, and political factors that are outside of the control of the business (STEP) make up the environment. Fuel costs, weather, and natural disasters all have an effect on how quickly things are transported. How you sell your products will be influenced by your product supply. If supplier costs unexpectedly treble as a result of political upheaval abroad, you might need to change your marketing strategy from one that is price-focused.

To learn more about business environment, click here:

https://brainly.com/question/13107794

#SPJ4

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.