Competitive Factors: Are there new or substitute products/services that could disrupt the market position?

When conducting an environmental analysis of a business, it’s important to consider various factors that could impact its operations and strategy. Using your organization (you may research one or use one you previously or currently work for), write a 5-6 page (excluding the title and reference pages) analysis to include the following: Economic Factors: How is inflation, interest rates, and unemployment affecting consumer spending? Are there any economic trends that could influence the industry positively or negatively? Social Factors: How are changing lifestyles and consumer behaviors impacting demand for products/services? Technological Factors: What technological advancements could disrupt the industry?Are there opportunities to leverage new technologies to improve efficiency or innovate? Environmental Factors: What are the environmental regulations and trends affecting operations? Competitive Factors: Are there new or substitute products/services that could disrupt the market position?

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