Thursday, 7 March 2013

3 internal factors & 3 external factors affection business

Geographical- Earthquakes can destroy buildings.
Economic Changes- If economy is bad, business will be bad :(
Higher Standard of Living- Will Affect Company Business if people become richer.

Product- Food Quality must be good and healthy to have a good reputation
Location- Set Up in a Populated Area with minimal competition
Management-Bad management will result in conflict within the company and destroy the internal trust.

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