HOW CAN THE BUSINESS BE CONSTRAINED BY THE ENVIRONMENT
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A business can be constrained by the environment in which it functions. There are many factors which can limit its strategy. Some of them are:
1. Competition with other businesses.
2. Political conditions.
3. Social and cultural expectations.
4. Legal requirements.
5.Technological requirements - For example, what the business can produce and sell or how it can operate depends on the technology that is available for it.
6. Economic and external factors.
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