Identify the three major business pressures categories. For each category, identify two main types of business pressures

What will be an ideal response?

Market and economic pressures, societal pressures, and technological pressures are the three major business pressure categories. Market and economic pressure examples include strong competition; global economy; regional trade agreements; extremely low labor costs in other countries; frequent and significant changes in markets; political and government; and increased power of consumers. Examples of societal pressures include the changing nature of the workforce, government deregulation, compliance, shrinking government subsidiaries, increased importance of ethical and legal issues, increased social responsibility of organizations, rapid political changes, and terrorism. Examples of technological pressures include increasing innovations and new technologies, rapid technological obsolescence, increased information overload, and rapid decline in technology cost versus labor cost.