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4 Cards in this Set
- Front
- Back
External factors |
Introduction of new laws - the business might have to provide more training to staff or provide ne facilities or safety equipment
Changes in interest rate- payments for exampleon loans could be higher or lower depending on whether the rate goes up or down
Fall in demand - means the business will have fewer sales
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Internal factors |
Poor management - the business may be poorly controlled and wrong decisions might be made Poorly trained staff - staff might not be able to work machinery or equipment properly and this could result in poor quality products being made Little or no finance - new equipment or machinery cannot be bought |
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Private sector |
To make a profit To survive
To grow |
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Government/public sector |
To provide a service To providr needs of local people Have a good image |