External Factors
Affecting Business
An explanation of how businesses are affected by
“other” factors – outside of their control.
Political
Briefly explain how the
widening of EU membership
has affected UK businesses.
The Economy
Briefly explain how changes
in the level of demand for
labour can affect the sales
of luxury products.
Socio-Cultural Changes
Briefly explain how a growing
interest in healthy eating may
affect the product range of
fast food outlets.
New Technology
Briefly explain how the
development of internet
shopping has affected high
street retailers.
The Law
Briefly explain how you think
changes in smoking laws
have affected the profits of
pubs and nightclubs.
Environmental
Briefly explain how a business
that manufactures sun cream
may respond to increasing
Ozone Layer deterioration.