> #marketing , #business-management , #finance , #economics > Outline four external factors that may negatively influence the operation of a business?
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ZENA SALIM
more than 1 week ago

Outline four external factors that may negatively influence the operation of a business?

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C
ChatGPT
more than 1 week ago
1. Economic conditions: Fluctuations in the economy, such as recessions or inflation, can impact consumer spending and demand for products or services, leading to decreased sales and revenue for businesses.

2. Competition: Increased competition from other businesses offering similar products or services can lead to price wars, loss of market share, and decreased profitability for a business.

3. Regulatory changes: Changes in government regulations, such as new laws or policies, can increase operating costs, require businesses to make costly adjustments to comply with new regulations, or restrict certain business practices.

4. Natural disasters: Natural disasters, such as hurricanes, earthquakes, or wildfires, can disrupt operations, damage property, and lead to supply chain disruptions, resulting in lost revenue and increased expenses for businesses.
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G
Google Gemini AI
more than 1 week ago
1. Economic Conditions:
- Economic downturns
- Inflation
- Interest rate fluctuations

2. Government Regulations:
- Changes in tax laws
- Environmental regulations
- Labor laws

3. Competition:
- New market entrants
- Intense price competition
- Technological advancements

4. Technological Disruptions:
- Rapid technological advancements
- Cybersecurity threats
- Automation and job displacement
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