What are external factors that influence?
What are external factors that influence? What are examples of external influences? External influences are the factors beyond a company's control that affect operations and success. Examples include government regulations, economic recessions, population demographics, and technology.
What are the five factors of external environment?
To get a better idea of how they affect a firm's marketing activities, let's look at each of the five areas of the external environment.
- The Political and Regulatory Environment. ...
- The Economic Environment. ...
- The Competitive Environment. ...
- The Technological Environment. ...
- The Social and Cultural Environment. ...
- Consumer Behavior.