3.13 Flashcards
1
Q
change caused by internal factors
A
- change in leadership/management often leads to further changes
- better than expected performance could lead to a decision to expand
- business growth can lead to other changes (expanding to international markets)
2
Q
change caused by external factors
A
- new technology means production can be faster or cheaper
- change is consumer taste = change in product range
- changes in competition could result in losing lots of market share