Answered: List two influential forces that affect…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Concept explainers

Question

List two influential forces that affect an organization and explain fully how any one of these forces affect the organization.

Expert Solution

Introduction

Every organization is affected by some of the forces and factors. These factors can affect the organization internally or externally. Two types of forces and factors that affect the organization are-

Internal Factors
External Factors

The factors that affect an organization internally are called internal factors, and the factors that affect the organization externally are known as external factors.

External Factors

One of the factors that affect the organization is defined in detail as below:

External Factors

PESTLE analysis is used to study and define the external forces and factors that affect an organization.

Step by step

Solved in 3 steps with 1 images

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.

Similar questions