the marketplace is competitive.In thi constext,Explain business sustainability in the current market enviroment. Notes: Please explain...

the marketplace is competitive.In thi constext,Explain business sustainability in the current market enviroment.
Notes:
Please explain clearly and give examples.

Expert Solution

With the growing business opportunities, the marketplace is turning highly competitive and it gets tough for every entrepreneur to sustain in the environment. Going back to the time, there were systematic shops with streets like bike part street, clothes street or food joint street. Business today have moved closer to the customers with the online platforms like Uber Eats, Amazon and so on. Online business has given sharp rise to competition and business sustainability is at stake because monetary benefits have taken the space of positive impacts. The green impact of business on society, community and the economy are reducing with the time and that’s the ill impact of high competition.

Due to competition, businesses today do not embrace the sustainability and below are few examples to support that:

1- Big corporations have major share of revenue to invest on expansion but not on making the environment better

2- The is faith-leap from politicians who take less interest to control the impacted environment

3- Tax avoidance is damage to the society resources

keosha answered 4 months ago

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