What are the internal and external factors of environment?
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Outside influences that can impact a business. Various external factors can impact the ability of a business or investment to achieve its strategic goals and objectives. These external factors might include competition; social, legal and technological changes, and the economic and political environment.
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What is the difference between internal and external environment?
THE DIFFERENCE BETWEEN INTERNAL AND EXTERNAL BUSINESS ENVIRONMENT IN… Meaning : Micro environment is defined as the nearby environment, under which the firm operates. while Macro environment refers to the general environment, that can affect the working of all business enterprises.
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