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Business strategy
External factors that affect a business.
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[QUOTE="Good-Guy, post: 214860, member: 29109"] There are various kinds of external factors that could damage or improve the business. I would say that war is also one of the biggest factor. Whenever two countries fight, the economy of those two countries get affected badly. This leads to many investors backing off from those countries. This is why people often say that war is a really bad thing. It causes problems and it is never a solution to any kind of problem. Another major factors that could affect the business is the inflation. whenever, the inflation hits any country, the firms and businesses of that country suffer a lot. This is because when people are not able to buy expensive things, then this would also affect the businesses that manufacture and sell those products. The third major factor that could indirectly affect the businesses in a country is the overall debt of that country. This is because when the debt increases, inflation also increases badly. The fourth major factor that could seriously affect any business is the situation of law and order of the country. When the law and order gets damaged, the business in that country gets damaged in a really serious manner. These are some of the big major external factors. [/QUOTE]
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