Business 10 notes - Business 10 Business Environments...

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Business 10 Business Environments Economic/Legal Recession- has benefits and repercussions Rental industry booming- people need places to live because of the millions of foreclosures. Shopping Centers struggling to rent space to small businesses. Government bailing out businesses. If Fannie Mae and Freddie Mac get bailed out by gov. housing market may pick up again. Takes about 5 years for it to pick up again. Technological EBay created a whole new market places where any person young or old can have his or her own business. Internet allows for so many benefits for businesses. So many problems and inconveniences can be solved with the use of the internet. o For example: Jet Blue: when you call to make a reservation your actually calling some one at their home and booking the flight. Their agents work from home because of the internet which saves both the employees money and time and saves the company a whole lot of money.
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