Three of the Major Megatrends Discussed in Chapter 1 Include

question 36

True/False

Three of the major megatrends discussed in Chapter 1 include: societal trends or changes, demographic trends or changes, and technological trends or changes.

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Definitions:

Trade Imbalance

A situation where the value of a country's imports significantly exceeds or is less than the value of its exports, affecting the national economy.

Regulatory Environmental Forces

Government policies, laws, and regulations that affect business operations, particularly concerning environmental protection.

Environmental Scanning

The process of gathering, analyzing, and interpreting information about external influences that could impact an organization's decision-making process.

Potential Trends

Emerging patterns or changes in industries, technology, consumer behavior, or the global economy that could influence future developments.