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 which type of changing factors in the business environment?

Question

Quizplus · Accepted Answer

The opening of two big box hardware stores close by highlights competition as the changing factor affecting the business environment of the local hardware store. In response, the store seeks to reduce expenses and intensify its marketing efforts to increase sales and profitability.

Your Town's Local Hardware Store Has Served the Community for Over