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1. Climatic conditions influence the nature and type of business or economic activities. For instance , the northern part of Kenya is semi-arid and economic activities of the nomadic people influence the business activities is such areas e.g. nomardism and related business activities.
2. Inland water supply from lakes and rivers and the coastal waters are a source of fish i.e. fishing industry, shipbuilding and its related industries.
3. Forest resources :Kenya?s forests (high forests, savanna, woodland and coastal forests) are a source of timber industry, agricultural business activities and wildlife resources (tourism).
4. Natural resources : The availability of natural resources such as oil, minerals, forests, water etc affect the location of industry in a country because of different needs and wants.
5. Depletion of natural resources such as the growing shortage of raw materials is a big threat to the long term survival of economic activities .e.g. the destruction of forests without any renewal and exhaustion of minerals
6. Environmental concerns : For instance, concern over the protection of the environment has raised issues of the role of business in the alleviation of problems of pollution ( high levels of mercury in water, large quantities of pollutants in soil and food supply, littering of the environment by biodegradable materials etc preservation of natural resources, global warming , disposal of chemical and nuclear waste are posing serious problems to marketing activities . The social responsibility of business to protect the environment increases the cost of production and distribution of goods and services i.e. cost of doing business.
7. Government intervention in natural resource management in an effort to promote the environment through its agency of NEMA are influencing the cost of doing business .Business firms are being pushed to become green businesses and produce green products .This is adding the cost of doing business
Lellah answered the question on November 3, 2021 at 11:50
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