Internal and External Factors Flashcards
1
Q
DESCRIBE INTERNAL FACTORS
A
Influences within the control of the organisation which will affect how it will operate
2
Q
IDENTIFY ALL INTERNAL FACTORS
A
Availability of finance, human resources (employees and management) and current technology.
3
Q
EXPLAIN THE INFLUENCE THAT FINANCE HAS ON A BUSINESS
A
4
Q
EXPLAIN THE INFLUENCE THAT HUMAN RESOURCES MAY HAVE ON A BUSINESS
A
If employees are highly skilled then this means that they may be able to produce a higher quality product
