How external factors can affect

Question 1

cost

Answer 1

Regulatory changes, inflation, and environmental factors can alter the cost of operations and production

Question 2

revenue

Answer 2

Social factors affecting business refer to changes in consumer tastes, behaviour, or attitude

Question 3

profit

Answer 3

inflation can increase a company’s costs, which can reduce its profitability ratios if it is unable to pass these costs on to customers.

Question 4

turnover

Answer 4

job satisfaction, communication, colleague relation, organizational commitment, justice, politics, reputation- total revenue a company makes

Question 5

morale

Answer 5

pay, benefits, job security, and relationships with co-workers and leaders

Question 6

supply

Answer 6

economic conditions, political instability, environmental factors, and competitors

Question 7

demand

Answer 7

the product’s price, perceived quality, advertising spend, consumer income, consumer confidence, and changes in taste and fashion.

Question 8

growth

Answer 8

influences that originate outside the organization and can affect its performance, strategy, and decision-making. These factors include: - Economic Conditions: Inflation, interest rates, economic growth, and unemployment rates

Question 9

contracting

Answer 9

Financial, political, technological, socio-cultural or environmental. These external factors can affect procurement, from price negotiation to trade and supplier management.

Question 10

what are the 4 factors of swot

Answer 10

strength , weakness , opportunity

Question 11

what does pestle stand for

Answer 11

political , environmental , social , technology , legal , economic