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maneet is a general manager of an office supply store and is current assessing the effects of various market changes
maneet is a general manager of an office supply store and is current assessing the effects of various market changes
Final answer:The question discusses the influence of technology and globalization on markets, particularly how they impact businesses like an office supply store. These shifts increase competition but also widen opportunities. It also acknowledges the variability in company success in these market conditions.Explanation:Maneet, as a general manager of an office supply store, must understand the important market changes that affect his business. The two major shifts that have influenced markets in recent decades aretechnologyandglobalization. Technological advancements, notably the internet, have broadened the scope for consumer choices who can now purchase products from anywhere in the world. This opens up the market but also increases competition.Businesses like Maneet's, must adapt to changes brought about bybusiness-to-business websites, which connect buyers and suppliers globally. These changes do not only affect customer choices, but they also have a significant impact on business supplies market.In the face of changing technology and globalization, businesses often experience varying trends. Some go broke due to outdated technology, poor management, shifts in consumer tastes, loss of a big customer or competition. While some companies flourish due to adopting modern technology, having good management, making profitable decisions and reacting well to shifts in consumer tastes. This market adaptability and resilience are key for businesses to thrive amidst market changes.In conclusion, as a firm matures, detailed knowledge of the managers and their plans becomes less crucial due to the availability of information regarding the company's products, revenues, costs and profits. This makes the firm more attractive to outside investors like bondholders and shareholders.Learn more about Market Changes here:brainly.com/question/32395323#SPJ9...