Question

Based on the macro-environmental factors (demographic, economic, social-cultural, technological, political-legal, and ecological) which three factors are most relevant to the physical therapy business and why?

Answer 1

ANSWER :-

The three factors of macro environment which are most relevant to the physical therapy business are

1. Demographic factor
2. legal factor
3. Technological factor

Reason :-

• For establishing any physical therapy business it is very important to have knowledge about the demographic of the location where person is going to establishing his physical therapy business and should consider that location which will be away from the competition but close to a medical facility.

Demographic environment involve people and people make market.

• Legal factor is the most important part of any business in order to run it properly within a legal framework. This involves filling of necessary papers of the physical therapy business, it also involves article of incorporation, partnership and tax documents etc.
• For doing good and to enhance the business, technological factor is also one of the most important factors. For this business, it requires a good amount of good working equipment which have high technology like having essential workout, massage and other facilities and have new workings which will deal with most of the problems of consumers.