In business, external factors are circumstances or situations outside the business that a business cannot control. These factors include social, political, technological, environmental, legal and economic issues. More »

External factors that may affect a company include the state of the economy, weather patterns, the law and social trends. External factors, which are uncontrollable, tend to affect companies differently. More »

Internal factors are those issues that affect the business's performance either negatively or positively and originate from within the business. These factors may increase profitability or cause loss depending on how the... More »

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