Below are the business environments that Betty’s business operates under economy
- Global economy: Betty's business may be affected by changes in the global economy, such as fluctuations in exchange rates, international trade policies, and economic conditions in other countries where she sources materials or sells her products.
- National economy: Changes in the national economy, such as interest rates, inflation, and unemployment levels, can impact Betty's business through changes in consumer spending and overall business confidence.
- Industry-specific economy: Betty's business operates within a specific industry, and economic factors that affect that industry, such as changes in regulations, technology advancements, and market trends, can impact her business operations and strategy.
- Local economy: Betty's business may be impacted by economic conditions in the local area where she operates, such as changes in demographics, competition, and consumer preferences.
- Regulatory environment: Betty's business must comply with various regulations and laws that govern her industry, including labor laws, tax laws, and environmental regulations. Changes in these regulations can impact the cost of doing business and the way in which she operates.