Why do you think competing businesses endeavor to differentiate? How can external factors regulate the nature of competition within an industry?

Q: What are the key economic factors that can affect the business environment, and how do they impact…

A: The business environment is greatly influenced by various economic factors that shape market…

Q: Colleges and universities, like all business, have strengths, weaknesses, and competitors. Who…

A: Distance learning and its relationship to rising pc technologies have along offered several…

Q: How company can expand the total market and defend market share?

A: Companies looking to expand their market share at regular intervals to stay competitive in the…

Q: How do social and cultural factors impact the business environment, and what strategies can…

A: Social and cultural factors have a significant influence on the business environment, shaping…

Q: How can companies strive for successful relationships with consumers, including meeting their…

A: Companies can make progress toward effective connections by embracing a strategic concentration for…

Q: What are the differences between the general environment and the industry environment?

A: The business environment includes all the dimensions of the general and industry environment that…

Q: The pandemic has altered the business landscape considerably. Consumer behaviour and needs have…

A: Many industries have been affected by covid 19 but the tourism industry has been devastated by covid…