if you have money or if your a good leader
Several external factors affect a business. This includes political events, social changes, as well as the economic performance of the country.
Cultural factors in Vietnam that affect business activities include a strong emphasis on relationships and trust, which are crucial for building partnerships and negotiating deals. The collectivist nature of Vietnamese society means that decisions often involve group consensus, impacting organizational structures and management styles. Additionally, respect for hierarchy and seniority influences workplace dynamics, with deference shown to those in higher positions. Understanding local customs, such as the importance of face-saving and indirect communication, is vital for successful business interactions.
The factors that affect the location of a business include:Level of competition from similar vendors/businessesAvailability/accessibility for/to customersAccessibility to suppliersConsumer demand of such a business in a certain locality (i.e., if your business is the only coffee shop in town, you will get lots of customers. If your business is one of many coffee shops in a town or city, you will not get as many customers)Ability to expand the business
There are an endless array of both internal and external factors that can have either a positive or negative affect on business operations. External factors would include changes in the economy, government regulation, war, weather (i.e. hurricanes, flooding, etc.), competition and market changes, among others. Usually external factors are beyond the control of management.
Availability of raw materials - resources , sufficient power supply , large labor supply , money for investment in industries , efficient transportation system, closeness to markets, cities, towns, and incentives to attract industry are factors that affect industry location
I like to do my portfolio of Business Law, and first all I have to set up the business of ownership structure, the business is an accounting practice.
how environmental factors affect in business
Various factors can affect the globalization of a business. For example, cultural factors may affect how viable a product is in a certain location.
and and and
They don't.
poor planing
There are many different factors that affect business policy. These different factors range from shareholders to the dividend policy of a certain business.
a stakeholder holds part ownership of the business. Therefore in all ways he does affect the business. in making decisions can affect the business operations. also in part of contributing the capital, this can lead either the business to gain enough or little capital and hence further affect the kind of business transaction to be carried out due to the capital collected.
Andrew Broadbent
what are the micro environmental factors that affect business environment?
There are a great many ways in which technology factors affect businesses. These factors affect how efficient a business is with money for example.
Some internal factors that impact the business environment include competitors and business resources. External factors that affect the business environment barriers to entry and government regulations.