Conduct an environmental scan for Lawrence Technological University, which is a private university and conceptually defined as competing in the educational business. The university offers educational services to local and international students. Tuition fees from steady enrollment is the major revenue source to make the university economically sustainable.
Please study three environmental forces: sociocultural, technological, and economical, which will have affect the success of school's operations. For each force, list two (2) variables that have significant impact on LTU's business.