Question

name to elements of internal and external environment affecting business?

Answer 1

Business is affected by differentfactors which collectively form thebusiness environment. These include economic, social, legal, technological and political factors. Business environment is therefore, the total of all external forces, which affectthe organization and the businessoperations (Kotler &Armstrong 2004)

Answer 2

What are the internal and external factors that affect a business?

Knowing how internal and external environmental factors affect your company can help your business thrive.

• External: The Economy. ...
• Internal: Employees and Managers. ...
• External: Competition from other Businesses. ...
• Internal: Money and Resources. ...
• External: Politics and Government Policy. ...
• Internal: Company Culture.