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What external factors in a business?

Updated: 8/18/2019
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14y ago

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External factors would include:

  • Competition (what are they doing?)
  • Customer behavior (needs, wants, and desires)
  • Industry out look (local, national, global)
  • Demographics (the change populations, there density, etc.)
  • Economy (are we peaking, or moving negatively)
  • Political movements and/or interference
  • Social environment
  • Technological changes
  • General environmental changes
  • Government interference (laws, regulations, policies, ect.)
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14y ago
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