You asked: What are the two factors that affect the retail business in the Philippines Brainly?

What are the factors that affect the retail business in the Philippines?

Some examples of social factors that affect retail businesses include:

  • Acceptance of internet commerce.
  • Advertising preferences.
  • Age distribution.
  • Buying habits.
  • Comfort with technology.
  • Customer service expectations.
  • Disposable income levels.
  • Education level.

What are the factors that affects the selection of the most appropriate business form Brainly?

Factors affecting the choice of form of business organisation

  • Nature of business activity.
  • Operation scale of the business.
  • Capital requirement.
  • Degree of risk.
  • Business stability.
  • System of Management.
  • Profit division.

What factors affect sales in retail?

Factors affecting Sales of a Product

  • Company’s product.
  • Marketing strategy of the company.
  • Marketing Personnel of the company.
  • Technology and Automation.
  • Presence in multiple formats especially in E-commerce.
  • Ability to tap ‘Digital Footprints’ customers.
  • Availability of finances.

What are two social factors that are currently affecting businesses?

Social Factors Affecting Business

  • Lifestyles.
  • Buying habits.
  • Education level.
  • Emphasis on safety.
  • Religion and beliefs.
  • Health consciousness.
  • Sex distribution.
  • Average disposable income level.

What factors affect choice of business organization?

9 Factors Governing the Selection of a Suitable Form of Ownership Business Organization

  • Nature of business activity: …
  • Scale of operations: …
  • Capital requirements: …
  • Degree of control and management: …
  • Degree of risk and liability: …
  • Stability of business: …
  • Flexibility of administration: …
  • Division of profit:
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What are the factors affecting selection of business form?

Factors Affecting the Choice of Form of Business Organisation – Liability, Continuity, Management Ability, Capital Considerations, Degree of Control and Nature of Business. After studying the various forms of business organisations, it is observed that each form has certain merits as well as limitations.

What are the factors affecting retail customer discuss?

A firm can get maximum sales and become the market leader only when it understands the factors that influence consumers buying behavior. Generally there are four factors which influence consumer buying behavior they are cultural, social, personal and psychological factors.

What are the major environmental factors affecting retailing?

Macro Enviornment Factors in Retailing

  • Demographic Enviornment.
  • Political/Legal Enviornment.
  • Social/Cultural Enviornment.
  • Economic Enviornment.
  • Technological Enviornment.