Direction: Modified True or False. Write “True” if the statement is correct and “False” if the statement is wrong and provide the word or phrase that makes the statement true.
1. Political factors include discrimination law, consumer law, antitrust law, employment law, and health and safety law.
2. R&D activity is part of technological factor
3. Mental factors include the cultural aspects and health consciousness, population growth rate,

age distribution, career attitudes and emphasis on safety.

4. Exchange rate is part of demographic factor.

5. SWOT Analysis is a strategic tool for understanding market growth or decline, business
position, potential and direction for operations.
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