Internal Factors

Question 1

Finance

Answer 1

LOTS OF MONEY
if a Buisness has lots of money it can make decisions that will help it survive by maximising costumer satisfaction e.g. Using high quality raw materials to help coustmer satisfaction

NO MONEY
If a business has no money they will have to make decisions that might not be very helpful e.g. Choosing low quality raw materials as they are cheaper to buy

Question 2

Employees

Answer 2

SKILLED
having skilled employees will mean that staff will work to a high standard and will product high quality products, keeping costumer satisfaction high

LOW SKILLED
if staff are poorly skilled this will mean that the opposite will happen

Staff can also take industrial action like a sit in or strike which will stop production, loosing market share and profits

Question 3

Managers

Answer 3

Having high skilled managers means that, they will be able to make the right decisions at the time which will lead the business to success in the future

Question 4

Technology

Answer 4

If a Buisness has good technology they will be able to produce products faster and at a higher quality, these will also break down less meaning no stoppages. This will increase sales and profits