Question
State four external forces that may affect a business and its operations.
Answer
i) Legal requirements
ii) Economic factors e.g. Consumer purchasing power , level of installing e.t.c
iii) Political factors i.e. Stability governance
iv) Technological advancement
v) Social / cultural factors
vi) Market competition
vii) Natural factors
ii) Economic factors e.g. Consumer purchasing power , level of installing e.t.c
iii) Political factors i.e. Stability governance
iv) Technological advancement
v) Social / cultural factors
vi) Market competition
vii) Natural factors
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