Ways in which external environment can negatively impact on a business.
Answer Text: Ways in which external environment can negatively impact on a business.-Use of absolete technology which may lead to high cost products leading to low market-Reduction of population which leads to reduced demand for goods and services.-Political instability which may lead to frequent stoppage or closure of business.-Change in laws which may make business become illegal and a firm may stop operating.-Failure to respond to customers tastes which reduces demand for its products.-Failure to adapt to changes in natural environment can lead to closure-Poor relations with suppliers leading to unfavourable terms and high cost.
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