TLE 8

It is a dynamic environment that changes all the time and reacts to any disturbance to the forces and factors surrounding it.

The physical or virtual setup where transactions are initiated and consummated between the seller and the buyer.

Is integral to human's existence and continuity, operate, survive and flourish within their own surroundings.

Is the lifeblood of any business in a sufficient working capital to finance the business operation.

Specific information or data that must be gathered in relation to the intended products and business.

Check all the following importance of business environment except one.

• Business environment provides new opportunities

• Business interaction with environment creates awareness in ecological preservation.

• Business neglect unemployed individuals

• Business promotes competition to force develop strategies

Factor that talks about the number, population, standard of living and source of income in a certain place.

• Economic factor

• Sociocultural factor

• Demographic factor

• Legal and political factor

Factor that involves the government's interest in economic survival.

• Sociocultural factor

• Demographic factor

• Economic factor

• Legal and political factor

Factor which consumer preferences are basically different for people living in different locations.

• Sociocultural factor

• Geographic, Ecological and Environmental factors

• Legal and political factor

• Economic factor

What do you call a person or an entrepreneur who's not afraid to face the challenge knowing it might cause harm or downfall in his/her business?