External factors affecting a business

From WikiTextbook

There are a number of external factors that can affect a business:

• The stage in the business cycle;
• changes in rates of unemployment and inflation;
• changes in exchange rates
• changes in taxation;
• changes in interest rates;
• the move towards globalization;
• competition;
• population trends;
• health and safety legislation;
• broad policies on education and training;
• trends in markets including e-commerce;
• enterprise culture and support;
• the impact of the EU, including the social chapter.

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