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As a factor of production, the term capital includes: tools, machinery, and buildings. The technology environment would include studies of information technology. Age, race, gender, religion, etc. are items included in the study of demographics. A business should try to adapt to the factors in the environment. In Tom Jeffries roofing proposal he describes materials to be used and aprice. When the customer signs the bid it becomes an enforceable contract – Economic & Legal Force Snap for...
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