Recent Impacts on Business

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Find recent changes in demographics, the environment, the economy, politics, culture and/or technology that have led to businesses having to change. If you research this topic, you must cite all sources.

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Find recent changes in the external environment that have resulted in businesses having to make changes. Write your answer here. Remember to identify the business, the change that happened and the external force that led to the change. More detail is better. *

Indicate the key term or concept that you will most likely remember most from this lecture.

The main participants in business are its owners, employees and customers.

Every business must consider its stakeholders (and their sometimes conflicting interests_ when making decisions.

The functional areas of business are the activities needed to run a business successfully.

Businesses are influenced by external factors like the economy, government, and other forces that exist outside the business' walls.

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