... income and changing consumer spending patterns. The third, natural environment shows the coming shortages of certain raw materials, increased energy costs, increased pollution levels, and increasing government intervention in natural resource management. The technical environment is the fourth and shows rapid technological change, unlimited innovational opportunities, high R&D budgets, concentration on minor improvements rather than major discoveries, and increased regulation of technological ... ...

• Word Count: 383
• Approx Pages: 2
• Grade Level: Graduate