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influences in the Business environment(external)
types of influences(external)
Markets
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Renika
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Cards (3)
Financial Markets
→ Have changed
business activity
due to the
expansion
of
multinational corporations
(also known as
MNC
)
→ With easier access to
international capital
, MNC’s can invest in
foreign markets
,
altering
and
changing
various
international business landscapes
Labour
Markets
→ Where impacted by
Covid-19
when there was an
85
% decrease in
migration
, hence impacting businesses reliance to depend on
skilled
migrant workers
→ This led to
increased
competition for skilled workers locally and
higher
labour costs for businesses
Consumer Markets
→ Can be impacted by global economic shifts, such as the
2008-9
financial crisis,
Covid-19
and
trade tensions
affecting international trade
→ Businesses must
adapt
to
changes in demand and trade policies
while
taking oppurtunities
in
emerging markets to remain competitive