Factors Affecting Businesses and Industries

• What are the factors Affecting Businesses and Industries

  1 E.C - Economic Condition

  2. S.E - Social Environment

  3. G. Governement

  4. E.C - Economic Changes

  5. P.C - Political Changes

  6. C.t - Changes in Technology

  7. E.f - Environmental Factors
• This is a factor that involves

  • economy like the weather. Sometimes it's sunny (good economy), and sometimes it's stormy (bad economy).
  • When the weather is nice, people are happy and spend more money. But when it's stormy, people save money and buy less stuff.

  Economic Condition
• It is a factor that pertains

  • about how people live and what they like. It's like knowing what games your friends like to play.
  • If everyone starts liking healthy food, stores will sell more fruits and vegetables.

  Social Environment
• It is a factor yhat involbrs people that

  • makes rules, like how your parents set rules at home.
  • These rules can be about taxes, worker rights, or keeping the environment clean.

  Government
• This is a factor

  • like when new toys come out, and everyone wants them. It's about new trends and technologies.
  • Businesses have to keep up with what's new and popular

  Economic Changes
• • This factor is about changes in government leaders and their decisions, like how a new teacher might have different classroom rules.
  • These changes can affect how businesses operate.

  Political Changes
• • It pertains ti the factor like new inventions that can change how we do things, like how tablets and smartphones changed how we play and learn.

  Changes In Technology
• • This factor is about how the environment, like climate and resources, affects businesses.
  • Companies try to be eco-friendly because people care about the planet

  Environmental Factors