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Which of the following best explains why the business system in Canada is constantly changing? To comply with international laws (A) To reflect society's demands To increase profitability To adapt to technological advancements

Question

Which of the following best explains why the business system in Canada is constantly changing? To comply with international laws (A) To reflect society's demands To increase profitability To adapt to technological advancements

Which of the following best explains why the business system in Canada is constantly changing?
To comply with international laws
(A) To reflect society's demands
To increase profitability
To adapt to technological advancements

Solution

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Answer

###A. To reflect society's demands

Explain

##Step 1: Analyzing the reasons for change in business systems<br />###Businesses adapt to remain relevant and competitive. Societal demands, including consumer preferences, ethical considerations, and cultural shifts, drive significant changes in business practices. Technological advancements force businesses to innovate and restructure to maintain efficiency and market share. Profitability is a goal, but adapting to societal demands and technological changes are the primary drivers of change, leading to increased profitability as a result. International laws can influence change, but they are less central than the other factors.<br />##Step 2: Identifying the most influential factor<br />###Among the given options, societal demands are the most fundamental driver of continuous change in business systems. Businesses must adapt to evolving consumer preferences, ethical concerns, and cultural shifts to remain viable and successful.<br /><br />#
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