Question

Name four external factors that have an influence on business. Give examples of the ways in which each factor can affect the business performance of two companies: Walmart and Ford Motor Company.

Answer 1

The following are the answer to this question:

Step-by-step explanation:

The name of four factors can be defined as follows:

• Economy: The term economy is the most important factor in your business and the volatility of stocks focused on political movements, wars, violence, and changes in currency.
• Legal: One industry might have been affected by state, local or governmental changes to the law. The court's ruling has continued to suffer for instance from cigarette firms. Also because the jury has helped make certain adjustments, tobacco products weren’t purchased to a child under 18 years old.
• Environmental: It is also the external entity, that can affect your organization, as though users produce specific goods, which can create stench and smoke, as well as the impact on the environment, in which the goods are prohibited by authorities.
• Political: Some political reasons, which could affect the business, that is also known as the levels of corruption, regulation against secrecy, regulation on discrimination.