External Factors are those which can not be controlled by the business but these will have a greater influence on the decision making process.These factors are known as PESTEL.
Political factors such as changes in government, political crises, government policies & war
Economic factors such as tax and interest rates
Social factors such as changes in consumer behavior
Technological factors such as the internet
Environmental factors such as pollution
Legal factors
Political factors such as changes in government, political crises, government policies & war
Economic factors such as tax and interest rates
Social factors such as changes in consumer behavior
Technological factors such as the internet
Environmental factors such as pollution
Legal factors
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