Internal and External Factors

Question 1

Describe Internal Factors

Answer 1

Influences within the control of the organisation which will effect how it operates

Question 2

Describe All Internal Factors

Answer 2

Availability of Finance ,human resources (employees and management)

Question 4

Explain The Influence That Human Resources May Have On A Business

Answer 4

If employees are highly skilled than this means they may be able to produce a higher quality product

Question 6

Explain Political

Answer 6

Changes in government policies, legislation or Taxes (External Factor)

Question 7

Explain Economic

Answer 7

Factors which encourage people to spend or save their money (eg unemployment, recession) (External Factor)

Question 8

Explain Social

Answer 8

Changes in demographics, characteristics of the population, culture and values (External Factor)

Question 9

Explain Technological

Answer 9

Advancements in technology happening in a organisation’s industry (This does not refer to technology currently available within an organisation) (External Factor)

Question 10

Explain Environmental

Answer 10

… (External Factor)

Question 11

Explain Competitive

Answer 11

The actions of your competitors that affect your business (External Factor)