external influences Flashcards
1
Q
what are external influences
A
things that affect the business but the business has no control over them
2
Q
examples of external influences
A
political. economic. social. technological. environmental. competitive. pandemic
3
Q
what can a business do to prepare for external influences
A
regularly monitor the external factors that affect your business and industry and to respond to them in a way that is appropriate to your business.
