7. External Environment

7 results found Taxation

External Influences on Business and Enterprise include taxes that businesses are required to pay. These taxes have a significant impact … Economics

Gross Domestic Product (GDP) GDP is a measure of the economy in monetary value. It is a snapshot or capture … Legislation

Changes to legislation (laws) can have a positive or negative impact on businesses. Employment Legislation Employment legislation governs the relationship … Social

Changes in Fashions and Trends Businesses need to keep an eye of what is happening in terms of fashion and … Technology

In today’s fast-paced world, technological advancements are a driving force that shapes the business landscape. Technology is frequently updated and … Environmental

Business Impact on Climate Change Businesses play a significant role in shaping climate change through their operations, decisions, and practices. … Competitive Environment

An important external influence that businesses must navigate is the competitive environment. This is the number of companies that operate …