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| Topic: |
History
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| Number of pages / Number of words: |
3 / 702 |
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Trends in social factors affect the demand for a company's products and how that company operates.
- Technological factors include ecological and environmental aspects, such as R&D activity, automation, technology incentives and the rate of technological change. They can determine barriers to entry, minimum efficient production level and influence outsourcing decisions...
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They can determine barriers to entry, minimum efficient production level and influence outsourcing decisions. Furthermore, technological shifts can affect costs, quality, and lead to innovation.
THE MODEL'S FACTORS
- Political factors, or how and to what degree a government intervenes in the economy...
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