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Internal Influences
Internal Influences in a Business
Question | Answer |
---|---|
What are internal influences? | Factors over which businesses have some level of control |
Product | The types of goods and services produced and sold by businesses. |
Location | Where the business is located |
Types of Resources | Human, Information, Physical, Finantial |
Human | Managers of a business are able to choose who they hire. |
Information | What kind of information businesses require, such as legal advice or financial information. |
Physical | What kind of physical items (goods) a business requires. |
Financial | Where a business gets it’s finance (financial capital) |
Business Culture | The ideas, values and beliefs of a business |