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 »

similar articles

Cost control of food involves several different practices and methods to ensure a restaurant or similar entity reduces spending on food purchases in order to maintain the appropriate profit margin for the business. It ma... More »

The pros of business mergers include factors such as monopoly regulation, research and development, duplication avoidance and network economies, while the cons include factors such as higher prices, less choice and job l... More »

The decision on whether to buy or rent a space for a daycare business depends on several factors, including available cash on hand, the business model and the starting size of the daycare. Business owners should also con... More »

According to the Houston Chronicle, the biggest internal factors that affect a business are organizational structure and communication within the organization. These factors lead to motivated employees who feel they have... More »