Your town's local hardware store has served the community for over 70 years. However, business has been way down ever since two big box hardware stores opened less than 10 minutes away. This local hardware store is looking to cut costs and increase marketing efforts as a response to changing _____ in the business environment.
A) environmental factors
B) economic factors
C) marketing factors
D) social factors
E) competitive factors
Question 2
Beginning in 2017 Carrier, a heating, ventilation and air-conditioning company, will transfer manufacturing to Mexico resulting in the elimination of 700 US jobs. This move is in response to changing _________ in the business environment.
A) economic factors
B) social factors
C) environmental factors
D) technology factors
E) demographic factors
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