In the world of business world, we consider change and what we call "the external environmental." Scenario: You own a small shoe company that manufactures and sells very expensive shoes.
Part 1: List 1 example of a change that may happen in your external environment that could affect your business.
Part 2: Describe how you would expect that change to affect your business.
Part 3: Give 1 example of an action you may take because of that change.
Part 4: What would you expect your action to accomplish?