How businesses may respond to changes in external environment 0.0 / 5 ? Applied Businessexternal environmentGCSEOCR Created by: jademillwardCreated on: 07-03-17 13:07 Laws Make sure they are following the laws so they do not get in trouble 1 of 5 Weather/climate Invest in protective systems e.g. flood defense during heavy rain 2 of 5 Population If the population in their area decreases they could relocate or open an online store to ensure they can reach lots of customers 3 of 5 Consumer trends Keep up to date with trends and follow them to ensure they attract customers 4 of 5 Competitors Keep up to date with what competitors are doing and try to create better products/services to attract more customers than their competitors 5 of 5
Comments
No comments have yet been made