Operation of business environment-turbulent and competitive

Question

What are the main reasons that the operation of business environment has become ever more turbulent and competitive?

Answer 1

There are many reasons which have been recognized to explain such changes which are as follows:

a) Rising sophistication of customers.
b) Development of a worldwide economy where national frontiers become less significant.
c) Rapid modification in technology.
d) The de-regulation of domestic markets (for illustration: electricity, water and gas).
e) Rising volatility of the financial markets.