Which part of the external environment did Levi Jeans fail to understand? Question 30Answera.Socialb.Economicc.Environmentald.Demographic
Question
Which part of the external environment did Levi Jeans fail to understand?
Question 30
Answer
- a. Social
- b. Economic
- c. Environmental
- d. Demographic
Solution
To determine which part of the external environment Levi Jeans may have failed to understand, let's look at each option:
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Social: This refers to cultural trends, lifestyle changes, and consumer preferences. If Levi Jeans didn't adapt to changes in fashion or consumer values, this could be a point of failure.
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Economic: This includes factors like consumer spending power, economic downturns, or changes in the economic climate that affect buying behavior. If Levi Jeans didn't anticipate economic challenges, this might have contributed to their struggles.
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Environmental: This pertains to ecological considerations and sustainability practices. If Levi Jeans ignored environmental concerns or failed to adopt sustainable practices, this could be an issue.
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Demographic: This involves population characteristics such as age, gender, income levels, and ethnic diversity. If Levi Jeans failed to recognize shifts in demographic trends or target audiences, they may have missed opportunities.
Conclusion
While all these factors can significantly impact a business, if Levi Jeans had to be considered for a specific failure, a. Social trends may have played a crucial role, particularly if they failed to keep up with the evolving fashion landscape and consumer preferences.
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