Consider a business that you frequent (for example, a restuarant, grocery store, etc.) and review the...

60.1K

Verified Solution

Question

Psychology

Consider a business that you frequent (for example, arestuarant, grocery store, etc.) and review the six aspects of theexternal environment discussed in the text. Create a list offactors in the external environment that could affect themanagement of the business you selected.

Answer & Explanation Solved by verified expert

4.0 Ratings (569 Votes)

Outside influences that can impact a business Various external factors can impact the ability of a business or investment to achieve its strategic goals and objectives These external factors might include competition social legal and technological changes and the economic and political environment The global economy is one of the biggest external factors that will at some time affect your business Market fluctuations based on politics terrorism attacks wars and currency devaluation eventually trickle down to most commercial enterprises Interest rates the availability of credit and consumer loans are external factors you rarely can control See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Consider a business that you frequent (for example, a restuarant, grocery store, etc.) and review the...

60.1K

Verified Solution

Question

Psychology

Consider a business that you frequent (for example, arestuarant, grocery store, etc.) and review the six aspects of theexternal environment discussed in the text. Create a list offactors in the external environment that could affect themanagement of the business you selected.

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Other questions asked by students

PC Shopping Network may upgrade its modem pool. It last upgraded 2 years ago, when it...

An open cardboard box (with no top) is to be constructed so that the width...

Let {an} and {bn} be bounded sequences. Prove that limit superior {an+bn} ? limit superior {an} +...

Discuss how the capital budgeting concept is used to determine how a new project (hiring a...

The expected rate of return on a Treasury Bill is 0.020, the expected rate of return...

A battery of EMF 10 V with internal resistance 12 is being charged by a...

2. (8B) A bag contains 10 marbles. 3 of them are blue, 4 of them...

the end of 5 years for the following compounding methods to the nearest cent a...

Each of 11 pieces of paper contains a different number from (4,6,7,9,10,11,12,13,15,17,19). The pieces of...

Select all of the following indicators Answer

Graph the solution to the following inequality on the number line.(x+6) (x+1)>0

How has the FASB (and the SEC) addressed the contention that small firms incur significantly...