External Influences
Cards (27)
- What acronym is used to remember external factors affecting businesses?
- How do political factors impact a business?
- What is one example of a political factor?
- What do government competition policies include?
- What does the government's fiscal policy relate to?
- How do economic factors affect a business?
- What happens to borrowing costs when interest rates rise?
- How does a rise in interest rates affect investment?
- What is the effect of low consumer confidence during a recession?
- What happens to consumer confidence during economic growth?
- How do lower exchange rates affect a business's exports?
- What social factor involves people moving to urban areas?
- What is one reason people migrate to urban areas?
- What is an example of a social change affecting businesses?
- What demographic change is noted in the UK?
- How do technological factors impact businesses?
- What is one example of a technological factor?
- How does big data help businesses?
- What are disruptive technologies?
- What is one legal factor that can affect a business?
- How can laws on working conditions impact a business?
- What is one legal requirement related to the environment?
- How do environmental factors affect a business?
- What is one ethical factor related to the supply chain?
- How might a business need to respond to emissions regulations?
- How can a business be considered unethical regarding taxes?
- What are the components of the PESTLE analysis?