For gontse to be a successful entrepreneur he must know his business environments.Explain to Gontse how the following external factors can be an impact on his business.

Question

Environmental (natural resources) force? Make short and easy to remember

Answer 1

Certainly! Here’s a brief explanation of how environmental (natural resources) factors can impact Gontse's business:

Environmental (Natural Resources) Factors

1. Availability of Resources: The presence or scarcity of natural resources like water, minerals, and raw materials can affect production costs and product availability.

2. Sustainability: Gontse should consider the environmental impact of using these resources. Sustainable practices can improve brand image and attract eco-conscious customers.

3. Regulations: Environmental laws can affect how Gontse operates. Compliance may require investments but can also lead to long-term benefits.

4. Climate Change: Changes in weather patterns can influence resource availability and transportation costs, impacting business operations.

5. Public Awareness: Consumers are increasingly concerned about environmental issues. A focus on sustainability can enhance marketability.

Remember:

• Resources Influence Costs
• Think Sustainability
• Follow Regulations
• Adapt to Climate
• Respond to Consumer Concerns

Understanding these factors can help Gontse make informed decisions and build a resilient business.