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List four external environmental factors that may influence the operations of a business

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  • Legal/regulatory issues/ Government policy
  • Economic factors
  • Sociocultural factors
  • Technological factors
  • Physical facilities/infrastructure
  • Demographic considerations (population)
  • Political environment.
  • Competitors
  • Suppliers
  • Natural factors eg climate
  • Market/ customers
  • Security
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Competition
Cultural environment
Demographic environment
Economic environment 
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