National 5 Bus Mgt External and Internal Factors

What external factor may mean a company has to purchase new safety equipment which increases costs and lowers profit

• Political/Legislation
• Economic
• Social 
• Environmental

What external factor may grant permission for a company to expand current factory and increase output 

• Political/Legislation
• Economic
• Social 
• Environmental

What external factor may make it more expensive to pay back a bank loan which may mean a company will delay any big plans that a company has to expand

• Political/Legislation
• Economic
• Social 
• Environmental

What external factor may mean that the company has greater sales due to a 'boom' which means higher dividends for to owners or profits to use to purchase new machinery and become more efficient

• Political/Legislation
• Economic
• Social 
• Environmental

What external factor may mean that suppliers cannot deliver raw materials due to bad weather and customer orders are delayed as a result

• Political/Legislation
• Economic
• Social 
• Environmental

What external factor may mean that the company must improve how it gets rid of wastage to avoid pollution of local rivers and the bad reputation doing so may bring

• Political/Legislation
• Economic
• Social 
• Environmental

What external factor may mean that the company has to alter its range of clothing to what customers currently want or face getting into financial difficulties.

• Political/Legislation
• Economic
• Social 
• Environmental

What external factor may mean that the company needs to carry out market research to find out what is currently in demand and may be in demand in the future (think of Subway and Halal meat)

• Political/Legislation
• Economic
• Social 
• Environmental

What external factor may mean that the company needs to consider using social media to communicate with customers if they wish to attract new clients

• Technological
• Economic
• Social 
• Environmental

What external factor may mean that the company will save storage costs and take better decisions since better quality information is available to all staff no matter where they are working

• Technological
• Economic
• Social 
• Environmental