Technological factors refer to elements related to or using technology. It is the company's external environment in addition
Types of Business Environment
Socio-cultural Factors: Examples and How They Impact Business
Examples of socio-cultural factors are values, beliefs, and attitudes. Social class, consumer lifestyles, buying habits, sexuality, tastes, and
Political Factors: Examples and Influence On Business
The political environment can change dramatically. For example 2018, President Donald Trump waged a trade war with China. He imposed tariffs and
Economic Environment: Examples, Indicators, Impacts
Changes in the economic environment is a challenge for companies. It could bring uncertainty to their operations. Predicting trends and their effects