Which of the following is an example of an economic external influence?
Increase in interest rates
Increase in the national minimum wage
Increased availability of wi-fi
Which of the following is an example of a political external influence?
Change in lifestyle
Which of the following is an example of a social external influence?
Recession
Bad weather
Changes in fashion trends
Which of the following is an example of a technological external influence?
Competitors launch a new advertising campaign
Increased availability of mobile technology
Which of the following is an example of an environmental external influence?
Boom
Decrease in tax rates
Which of the following is an example of a competitive external influence?
A shop selling similar products reduces its prices
Which external factor includes changes in the law?
Economic
Environmental
Political
Which external factor is influenced by the people who use the business?
Social
Technological
Which external factor might lead to increased recycling and reduced packaging?
Competitive
Which external factor includes other businesses that offer the same product or service?