What External Factors Affect a Business?

Answer

Some of the external factors that affect business include: competition, social changes, legal restrictions or policies, technology, taxation issues and political influences. In addition, a business can be affected by changing trends, sabotage and religious factors.
Q&A Related to "What External Factors Affect a Business"
Various internal and external factors greatly influence a business' success. While it is practically impossible to control forces outside the business, like world economic conditions
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Competition from other businesses. Market demand. Product demand. Purchasing power/availability/price - and subsequent profit margin. Expendable income of consumers. Depends what
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External factors that affect businesses: 1. Income 2. Inflation
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State of the economy in general and your market in particular. How similar businesses are being valued. Interest rates, exchange rates, inflation, and government policy on taxation
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Explore this Topic
External factors is a term used in business to show the factors happening outside of the business. External factors affect the internal function of a business. ...
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A macro environment is the major uncontrollable and external factors influencing decision making and affects the strategies and performance of an organization. ...
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