give at least three factors that affects the success of a certain enterprise. Explain wh
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give at least three factors that affects the success of a certain enterprise. Explain why
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- Explain why IT is both a business pressure and an enabler or response activities that counter business pressures.If a firm’s business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business.What characterize the transition and change stage of an enterprise life cycle
- The business environment encompasses the myriad external factors that affect the operations, performance, and decision-making processes of an organization. It is a dynamic and multifaceted arena, shaped by economic, social, technological, political, and legal forces. The economic environment, for instance, plays a pivotal role in influencing business activities, encompassing aspects such as inflation rates, exchange rates, and overall economic stability. Social factors, including cultural trends and demographics, contribute to the shaping of consumer preferences and market demand. Rapid technological advancements introduce both opportunities and challenges, as businesses strive to stay competitive and innovate in an ever-evolving landscape. Political and legal factors, on the other hand, can significantly impact business operations through regulations, government policies, and geopolitical events. In navigating this complex business environment, organizations must remain agile and…Define the term micro enterpriseDo you know of any small business such as sari-sari store or small shop in your community? Describe the nature of the business. What goods or services are offered by this business? What if this business does not exist, how would this affect your community?