Assignment Example | Topics and Well Written Essays - 250 words - 262

Assignment ExampleSocial forces highlight the consumer behavior course and engage in the food market place. Like if the restaurant is opened in a rural sports stadium where the social forces restrict people to go to a restaurant then it would not be skillful for the barter.These forces denote the effectiveness and efficiency of a business sector. As the external environment introduces new technology or innovation it becomes important for a business to incorporate advanced technology in order to rest at par with other players. Apple Inc. can be regarded as most prominent instance in this field as it upgrades its technical factors as and when required.Political instability seems to disrupt the entire business environment. The norms and regulations that are set forth by the political authority govern functioning of a business (Daft and Marcic 91). On the other hand tax benefits that are authorized by leaders denote the internet margin for the business. Indianapolis is a region where majority of manufacturing factories had closed down due to such liquid political scenario and increasing rate of homicide.A new business venture that is set forth is essentially based on the factor of solving a obscure problem of consumers. In case of a restaurant the major problem can be unavailability of a specific kind of culinary art for which there is high demand in the market place. For instance people had a hidden demand for such a device which would operate as a phone but even consummate necessary operations of a laptop and this problem was eradicated with the launch of tablet.Market gaps are generally associated with hidden demand which has not yet explored by any players in a particular industry. Filling in this gap would mean that a business venture is been able to successfully position itself in the market and can achieve competitive