Think about the company you currently work for or one you have worked for in the past. How do the economy, technology, global environment, market forces (supply, demand, competition, inflation, unemployment, government regulation, etc.), and competition affect the organization's ability to be successful?

Question

Business

Rachael Atkins

27 August, 16:24

Think about the company you currently work for or one you have worked for in the past. How do the economy, technology, global environment, market forces (supply, demand, competition, inflation, unemployment, government regulation, etc.), and competition affect the organization's ability to be successful?

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Answers (1)

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Pablo Reese · Answer 1

external influences on business activity

Explanation:

The scenario belongs to the external influences on business activity and external economic influences on business activity.

Nowadays firms are being affected by the changes occurring externally because these changes are beyond the control of an org.

For eg; if a recession is in economy going on then the co. has to deal with according to that. May lower price or promote inferior products. Govt. taxes can increase firm's cost too.