Political Factors - Decisions made by those in power that can influence how businesses are allowed to operate, such as new rules, taxes, or regulations, Economic Factors - Changes in the flow of money in a country, including factors like inflation, unemployment, or interest rates, which can impact how businesses perform., Social Factors - Shifts in the way people live, behave, and what they value, which can influence the kinds of products and services businesses provide., Technological Factors - Developments in science and innovation that create new ways for businesses to produce goods, offer services, or connect with customers., Environmental Factors - Concerns related to protecting nature and managing resources responsibly, which can shape how businesses operate and how customers view them., Competitive Factors - Actions taken by other companies aiming to attract the same group of customers, influencing pricing, product quality, and marketing strategies., External Factors - What a business cannot control ,
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Rwilson41
KS4
Business
External influences
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