00:01
Hi, so tom wants to open a pizza store.
00:04
He wants to research about the general environment, has lots of forces.
00:07
According to general environment, whatever, that environmental one, how ecological factors or natural environment impact in the pizza restaurant business, how global forces of change impact the pizza restaurant business.
00:20
Well, pizza business is the food business, and food prices change based on supply and demand.
00:26
The prices tom will pay for ingredients depend on supply and demand.
00:30
Making pizza involves wheat, tomatoes, other vegetables, cheese, meats, which all comes from agriculture.
00:35
Supply depends on the harvest from farms, really.
00:38
Demand depends on how many other consumers and businesses want the ingredients to make pizza.
00:43
A couple of major global forces affecting prices of food are climate change in war...