04:09The following chart describes opportunities and challenges in the external environments that surround businesses. Which statement best completes the empty cells?Business Environment OpportunityEconomic & LegalTechnologicalFreedom to choose andstart your own businessThe InternetChallengeHigh taxesSocialGlobalMultiple ChoiceWealthy senior citizensDecrease in SocialSecurity contributionsWar and TerrorismE-commerce is a costly technological environment challenge, while the leisure time of seniors creates an opportunity in the global environment.Identity theft remains a technological environment challenge, while war and terrorism satisfy opportunities in the global environment due to the fact that they remain a small cost tosociety.Databases present themselves as a challenge and threat in the technological environment, while globalization has provided for an increase in the standard of living in the globalenvironment.Identity theft is a challenge in the technological environment of businesses, while the desire for green living presents opportunities for new businesses in the global environment.

The business landscape is constantly evolving, shaped by a dynamic interplay of forces across…

Answered: כ 04:09 The following chart describes…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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