Question

0.1(1) Name two elements of external environment
affecting business
.​

Answer 1

Answer:

Interest rates, inflation rates, unemployment rates and trends in the gross national product, governmental policies, sectoral growth rates of agriculture, industry infrastructure, etc., are other economic influences it must consider.

Answer 2

Answer:

Elements of external environment affecting business are :- 1. Customer segments 2. Competition 3. Market elements: profitability, entry barriers, trends factors etc.