Company X began its operations in 1945. It surface as the leader in the market industry. This is because of their original designs and effectiveness in operations. Records have shown that the demand for their product is stable and steady over the years, however, their market share started plummeting because of new competitors that entered the market. As a result of this, the firm resolved to review their operation’s policy, and decided that in order to meet the competition, they need to study and analyze the market trends and then design and develop their products accordingly. Discuss any five impacts of changes in business environment on company X’s operations. (25 marks) including all sources of information and authors references​