ALAMINAH M.
MONACALA ABM-CLUSTER 2 October 15, 2024
NORHANIE BARODI
Store Owner
INTERVIEW WITH THE STORE OWNER
ECONOMIC FORCES
1. How do changes in spending habits impact your prices?
Owner: "The job market is tough, so fewer people are spending on non-essentials.
Also, because of the crisis it is now a hard-earned money, so it needs to spend on something
significant."
PHYSICAL ENVIRONMENT
1. How does your location affect your business?
Owner: "Being near a major highway helps us reach more customers quickly. However,
our store is hard to spot since it facing sideward of the road"
2. What do you do to prepare for bad weather?
Owner: "We have an emergency plan and stock extra supplies in case of storms. Other
than that, we also put a roof on our store to make sure customers will be covered during
rainy days.”
POLITICAL FACTORS
1. How have trade rules changed your business?
Owner: "New import taxes have made it harder to get some products at a good price."
CULTURES AND LIFESTYLES
1. How do changing consumer preferences affect your product selection?
Owner: "We’ve noticed some customers interested in health, so we now stock organic
and gluten-free products to meet that demand. In addition, people nowadays especially
the children in our area, they tend to buy more candies and toys/dolls rather than to buy
goods that will make them full.”
COMPETITION
1. What challenges are you facing from your competitors?
Owner: "I have noticed that the store on the other side of our area have goods that much
lower than ours."
2. What is your strategy to stand out over your competitor?
Owner: “To stand out over my competitor, I made sure that the money the customer
spend are worth to spent.”
nvironmental Analysis
1. Can you describe how you assess the environmental factors that impact your
business? What tools or frameworks do you use?
Economic Forces
2. What economic trends have you observed that significantly affect your industry,
and how do you adapt your business strategy in response?
3. How do fluctuations in consumer purchasing power influence your pricing and
marketing strategies?
Physical Environment
4. How does the physical environment—such as location, climate, or resources—
impact your operations and decision-making?
5. What measures do you take to mitigate risks related to natural disasters or
environmental changes?
Political Factors
6. How do current political conditions or government policies impact your business
operations? Can you provide specific examples?
7. In what ways do you engage with policymakers or advocate for issues that are
important to your business?
Cultures and Lifestyles
8. How do changing consumer lifestyles and cultural trends influence your product
offerings or marketing strategies?
9. Can you discuss how diversity and inclusion play a role in your business practices
and company culture?
Competition
10. How do you analyze your competitors, and what strategies do you employ to
differentiate your business in a competitive market?
11. What challenges do you face from competitors, and how do you plan to address
them moving forward?
Feel free to adjust these questions based on the specific context or industry of the business
owner!
4o mini
You said:
please specify every question in a simpler sentence
ChatGPT said:
ChatGPT
Sure! Here’s a simplified version of each question:
Environmental Analysis
1. How do you look at the environmental factors that affect your business?
Economic Forces
2. What economic trends have you seen that change your industry, and how do you
adjust your business?
3. How do changes in how much people can spend affect your prices and marketing?
Physical Environment
4. How does the physical environment—like location or climate—affect your business?
5. What steps do you take to prepare for natural disasters or environmental changes?
Political Factors
6. How do government policies or political issues impact how you run your business?
7. How do you interact with policymakers or advocate for your business interests?
Cultures and Lifestyles
8. How do changing consumer habits and cultural trends affect your products or
marketing?
9. How do diversity and inclusion play a role in your company?
Competition
10. How do you study your competitors, and what makes your business stand out?
11. What challenges do you face from competitors, and how will you tackle them?
Let me know if you need any more adjustments!
4o mini
You said:
make your question specific
ChatGPT said:
ChatGPT
Got it! Here are the revised questions with more specific focus:
Environmental Analysis
1. What specific environmental factors—like regulations or sustainability trends—do
you monitor for your business?
Economic Forces
2. Which recent economic trends, such as inflation or unemployment rates, have
impacted your sales, and how have you adjusted your strategy?
3. How do changes in consumer spending habits during economic downturns affect
your pricing decisions?
Physical Environment
4. In what ways does your business location influence your supply chain or customer
base?
5. What specific plans do you have in place to handle potential flooding or severe
weather in your area?
Political Factors
6. How have recent changes in trade policies or tax laws affected your business
operations?
7. Can you share an example of how you’ve lobbied for legislation that benefits your
industry?
Cultures and Lifestyles
8. How have shifts in consumer preferences for eco-friendly products impacted your
product lines?
9. What initiatives do you have in place to promote diversity in your hiring practices?
Competition
10. What specific methods do you use to analyze your top three competitors in your
market?
11. What recent moves by competitors have posed challenges to your business, and how
are you responding to them?
Let me know if you’d like any further changes!
4o mini
You said:
the question should be concise and precise please
ChatGPT said:
ChatGPT
Absolutely! Here are more concise and precise questions:
Environmental Analysis
1. What key environmental factors do you track for your business?
Economic Forces
2. Which recent economic trends have impacted your sales?
3. How do changes in consumer spending affect your pricing?
Physical Environment
4. How does your location influence your operations?
5. What plans do you have for extreme weather events?
Political Factors
6. How have recent trade policies affected your business?
7. Can you give an example of your advocacy for industry legislation?
Cultures and Lifestyles
8. How do consumer preferences for sustainability affect your products?
9. What diversity initiatives do you have in your hiring?
Competition
10. How do you analyze your main competitors?
11. What recent competitive challenges are you facing?
Let me know if you need any adjustments!
4o mini
You said:
use simple question
ChatGPT said:
ChatGPT
Sure! Here are simpler questions:
Environmental Analysis
1. What environmental issues do you watch for your business?
Economic Forces
2. What recent economic changes have affected your sales?
3. How do changes in spending habits impact your prices?
Physical Environment
4. How does your location affect your business?
5. What do you do to prepare for bad weather?
Political Factors
6. How have trade rules changed your business?
7. Can you share an example of how you support industry policies?
Cultures and Lifestyles
8. How do customer preferences for eco-friendly products affect what you sell?
9. What steps are you taking to hire more diverse employees?
Competition
10. How do you study your main competitors?
11. What challenges are you facing from your competitors?
Let me know if you need anything else!
4o mini
You said:
give me an example of every question you made
ChatGPT said:
ChatGPT
Sure! Here are the questions with examples:
Environmental Analysis
1. What environmental issues do you watch for your business?
Example: "We monitor local regulations on waste disposal and emissions standards."
Economic Forces
2. What recent economic changes have affected your sales?
Example: "The rise in inflation has led to reduced consumer spending, impacting our
sales figures."
3. How do changes in spending habits impact your prices?
Example: "When consumers cut back, we offer discounts to encourage purchases."
Physical Environment
4. How does your location affect your business?
Example: "Being near a major highway helps us reach more customers quickly."
5. What do you do to prepare for bad weather?
Example: "We have an emergency plan and stock extra supplies in case of storms."
Political Factors
6. How have trade rules changed your business?
Example: "New tariffs on imported goods have increased our costs."
7. Can you share an example of how you support industry policies?
Example: "We participated in a campaign to lobby for better regulations on small
businesses."
Cultures and Lifestyles
8. How do customer preferences for eco-friendly products affect what you sell?
Example: "We've introduced a line of biodegradable packaging due to demand."
9. What steps are you taking to hire more diverse employees?
Example: "We partner with local organizations to reach a wider range of candidates."
Competition
10. How do you study your main competitors?
Example: "We analyze their pricing, marketing strategies, and customer reviews."
11. What challenges are you facing from your competitors?
Example: "A new competitor has entered the market with lower prices, making it tough
for us."
Let me know if you need more examples or any further adjustments!
4o mini
You said:
use simple words to understand because this is an interview of a highschool student
ChatGPT said:
ChatGPT
Got it! Here are the questions with simpler examples:
Environmental Analysis
1. What environmental issues do you watch for your business?
Example: "We keep an eye on rules about recycling and pollution."
Economic Forces
2. What recent economic changes have affected your sales?
Example: "Because prices are going up, fewer people are buying our products."
3. How do changes in spending habits impact your prices?
Example: "When people have less money, we offer sales to encourage them to buy."
Physical Environment
4. How does your location affect your business?
Example: "Being near a busy street helps more people find us."
5. What do you do to prepare for bad weather?
Example: "We stock up on extra supplies in case of a storm."
Political Factors
6. How have trade rules changed your business?
Example: "New taxes on imports have made our products more expensive."
7. Can you share an example of how you support industry policies?
Example: "We joined a group that talks to lawmakers about helping small businesses."
Cultures and Lifestyles
8. How do customer preferences for eco-friendly products affect what you sell?
Example: "We've started selling products that are good for the environment because
customers want them."
9. What steps are you taking to hire more diverse employees?
Example: "We are working with local groups to find more different candidates."
Competition
10. How do you study your main competitors?
Example: "We look at their prices and see what customers say about them."
11. What challenges are you facing from your competitors?
Example: "A new shop opened nearby and their prices are lower than ours."
Environmental Analysis
1. What environmental issues do you watch for your business?
Example: "We watch for changes in local laws about waste and emissions."
Example: "I pay attention to community concerns about pollution."
Economic Forces
2. What recent economic changes have affected your sales?
Example: "The rise in gas prices has made it harder for people to shop."
Example: "The job market is tough, so fewer people are spending on non-essentials."
3. How do changes in spending habits impact your prices?
Example: "When people are worried about money, we lower our prices to attract
customers."
Example: "We run special promotions to keep sales up during tough times."
Physical Environment
4. How does your location affect your business?
Example: "Being close to schools brings in students who need our products."
Example: "Our location near a park attracts families on weekends."
5. What do you do to prepare for bad weather?
Example: "We have extra supplies ready in case of storms."
Example: "We communicate with customers about our hours during severe weather."
Political Factors
6. How have trade rules changed your business?
Example: "New import taxes have made it harder to get some products at a good price."
Example: "Changes in labor laws affect how many employees we can hire."
7. Can you share an example of how you support industry policies?
Example: "I attend local meetings to discuss business regulations with other owners."
Example: "We wrote letters to lawmakers about policies that help small businesses."
Cultures and Lifestyles
8. How do customer preferences for eco-friendly products affect what you sell?
Example: "We now offer more products made from recycled materials."
Example: "Customers are asking for less plastic, so we switched to paper bags."
9. What steps are you taking to hire more diverse employees?
Example: "We post our job openings in community centers to reach more people."
Example: "We provide training programs for underrepresented groups."
Competition
3. How do you study your main competitors?
Example: "I visit their stores to see what they’re doing well."
Example: "We look at their online reviews to understand what customers like."
4. What challenges are you facing from your competitors?
Example: "A big chain store is opening nearby, and they have a lot of advertising
money."
Example: "Some competitors are offering lower prices, which puts pressure on us."
5. Environmental Analysis
6. Example:
A local grocery store keeps track of environmental regulations about packaging. They
switch to biodegradable bags to comply with new laws and attract eco-conscious
shoppers.
7. Economic Forces
8. Example:
A boutique notices that during economic downturns, customers prefer buying sale items.
To adapt, they hold monthly sales to boost foot traffic and clear out seasonal inventory.
9. Physical Environment
10. Example:
A retail store located in a busy shopping district benefits from high foot traffic. To take
advantage, the owner invests in attractive window displays to draw in passersby.
11. Political Factors
12. Example:
A store owner faces new minimum wage laws that increase labor costs. They adjust their
budget and prices while advocating for small business interests through local chambers of
commerce.
13. Cultures and Lifestyles
14. Example:
A toy store responds to the rising popularity of STEM (Science, Technology,
Engineering, and Mathematics) education by stocking more educational toys that
promote these skills.
15. Competition
16. Example:
A electronics store monitors a nearby competitor’s promotions. To stay competitive, the
owner starts a loyalty program that offers discounts to repeat customers and provides
better customer service.
17. Let me know if you need anything else!
18. 4o mini
19. You said:
20. a question for a store owner and its possible answer
21. ChatGPT said:
22. ChatGPT
23. Sure! Here’s a question for a store owner along with a possible answer:
24. Question
25. What strategies do you use to attract more customers to your store?
26. Possible Answer
27. “We focus on creating a welcoming atmosphere and often host community events, like
local artist showcases and seasonal sales. We also promote our store on social media to
reach a wider audience and encourage word-of-mouth referrals from satisfied
customers.”
28. Let me know if you need more examples or questions!
29. 4o mini
30. You said:
31. a question for a store owner and its possible answer in relation to the factors mentioned
above
32. ChatGPT said:
33. ChatGPT
34. Sure! Here’s a question for a store owner with a possible answer related to each factor:
35. Environmental Analysis
36. Question:
How do environmental regulations affect your store's operations?
37. Possible Answer:
"We keep up with local recycling laws and have switched to eco-friendly packaging to
comply and attract environmentally conscious customers."
38.
39. Economic Forces
40. Question:
What recent economic changes have impacted your sales?
41. Possible Answer:
"With rising inflation, many customers are spending less. We've started offering more
discounts and value packs to encourage purchases."
42.
43. Physical Environment
44. Question:
How does your store's location influence your business?
45. Possible Answer:
"Being in a busy shopping area helps a lot. We benefit from foot traffic, especially during
weekends, so we focus on eye-catching window displays."
46.
47. Political Factors
48. Question:
How have recent changes in local business regulations affected your store?
49. Possible Answer:
"New health regulations required us to upgrade our food handling practices, which
increased our costs, but we believe it enhances customer trust."
50.
51. Cultures and Lifestyles
52. Question:
How do changing consumer preferences affect your product selection?
53. Possible Answer:
"We’ve noticed more customers interested in health, so we now stock organic and gluten-
free products to meet that demand."
54.
55. Competition
56. Question:
How do you stay competitive with other stores in your area?
57. Possible Answer:
"We regularly analyze competitors' prices and promotions. To stand out, we offer a
loyalty program that rewards repeat customers with discounts."
