Tutorial 1: Introduction to the Business Environment 1. What is important for analyzing a firm's external environment? 2. Some factors or forces may have a direct influence over the business firm, others may operate indirectly. Businesses must adapt themselves to changes in the Business environment to survive and succeed. 3. Briefly outline why it is important to study the business environment. 4. Define the nature of a generic Caribbean business and identify its main goals and functions. 5. Outline seven (7) factors that affect business decisions. Provide an example for at least 4 of the factors identified. 6. Evaluate the importance of the economic environment to a business and outline three (3) indicators that are generally used to evaluate the performance of an economic system