External influences in the business environment

Question 1

what are external influences

Answer 1

external influences includes those factors over which the business has very little control over.

Question 2

What is a major external factor in a business and what does it include

Answer 2

A major external factor for a business is demographic factors (including size, age, sex, income, cultural background and family size)

Question 3

what are legal external influences

Answer 3

These are laws that are in place that a business must adhere to.

Question 4

What are political external influences

Answer 4

Political external influences relate to ways in which changes in government and government policy influence a business.