Business Environment And Market Flashcards
(13 cards)
Designing and launching and running businesses
Entrepreneurship
The people running the business
Entrepreneur
Surrounded by internal and external factors
Business environment
What type of market When you want to buy or sell shares of Stocks or ownership in a company
Financial market
What type of market uses Machineries and heavy equipment
Industrial market
What type of market is food offered and purchased
Food and beverage market
The key driver for change that contributes to the magnitude of business
Demographic factor
The only company selling or offering a particular good or service
Monopoly
A factor that must me always considered because it may kill your business or help it prosper
Competition
Social norms, practices, attitudes and behaviors of people in a society influence the way business organizations are run or operated
Sociocultural factor
Discovery of new ways of doing things, efficiently, new products and solutions to problems among others are some of the key benefits of advancement in technology
Technological factor
Walaaa
A physical or virtual setup where transactions are initiated
Market
