Question

What are four common types of changes and trends that can offer business opportunities?

Answer 1

Below re some common trends and changes to offer opportunities to any business:

• Emerging Markets: New markets would allow the business to experiment in different areas and introduce numerous product lines.
• Changing Demands: Consumers now a days are very choosy and picky, as they have a variety of options available, hence to forecast these demands and present a product as per those will give a competitive edge to the business over others.
• Technology: Rapid changes in technology allows the business to experiment and provides new opportunities.
• Globalization: Expanding business provides new and greater opportunities, as they tend to cater new segment of customers.

Answer 2

Some of the changes that may pose a great opportunity for business are: (1) change in the demands of the consumers (it may be in style, taste, etc) (2) rapid technology, (3) global banking opportunities, and lastly (4) government enhancing ties with the private owners of different business units.