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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



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

Private sector

To make a profit



To survive



To grow

Government/public sector

To provide a service



To providr needs of local people



Have a good image