ATTEMPT ALL QUESTIONS QUESTION 1. BRIEF CASE STUDY (30 Marks) Asiedu and Emefa after finishing their graduation under vocational stream decided to start their own transportation agency which will book Metro Mass and Ayalolo Tickets on commission basis. They also thought of providing tickets within ten minutes through the use of the internet. They discussed the idea with their Lecturer Mr. Seglah who liked the idea and suggested them to first analyze the business environment which consists of investors", competitors and other forces like social, political etc. that may affect their business directly or indirectly. He further told them about the technological improvements and shifts in consumer preferences that were taking place and hence they should be aware of the environmental trends and changes which may hinder their business performance. He emphasized on making plans keeping in mind the threat posed by the competitors, so that they can deal with the situation effectively. This alignment of business operations with the business environment will result in better performance. 1. Identify and DISCUSS the component of business environment highlighted in the above case. 2. DISCUSS any two features of business environment as discussed by Mr. Seglah with Asiedu and Emefa. 3. EXPLAIN with relevant examples two points of importance of business environment as stated by Mr. Seglah in the above situation