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

Solution

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BryceProfessional · Tutor for 6 years

Answer

###B. To reflect society's demands

Explain

##Step 1: Analyzing the Canadian Business System<br />###Canadian businesses operate within a dynamic environment influenced by various factors, including societal values, technological advancements, and global competition. These factors necessitate continuous adaptation for survival and success.<br />##Step 2: Identifying the Primary Driver of Change<br />###While profitability, international laws, and technological advancements play a role, the most fundamental reason for continuous change in the Canadian business system is the need to meet evolving societal demands. This includes changing consumer preferences, ethical considerations, and social values.<br /><br />#
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