external factors Flashcards
1
Q
political factors
A
- tax
- laws
- political stability
2
Q
economic factors
A
- economic growth
- interest rates
- unemployment
- inflation
- exchange rates
3
Q
social factors
A
- demographics
- lifestyles
- tastes and trends
- ethical
4
Q
technological factors
A
- ICT
- research and development
- automation
- ecommerce
5
Q
environmental factors
A
- recycling
- global warming
- weather
- pollution
6
Q
competitive factors
A
- price wars
- imitators
- product differentiation
7
Q
political factors
A
Political factors involve the decisions and laws that governments make.
8
Q
economic factors
A
Economic factors are all concerned with the so called ‘levers’ of the economy.
9
Q
social factors
A
Social factors are the things that affect the habits and spending of customers.
10
Q
technological factors
A
Technological factors refers to the ways new practices and equipment can affect businesses.
11
Q
environmental factors
A
The physical conditions that a business has to deal with.
12
Q
competitive factors
A
Competitive factors cover how businesses who offer similar products or services affect each other.
