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State four external factors that may adversely affect the efficient operations of a business enterprise.

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  1. Political instability
  2. Corruption in the country
  3. Lengthy licensing procedures
  4. Insecurity in the country
  5. High cost of finance
  6. High taxation rates
  7. Inadequate factor inputs
  8. Poor weather conditions/climate
  9. Unstable exchange rates
  10. Poor technology.
  11. Poor infrastructure
  12. Low population
  13. Unfavourable lawa/government policy
  14. Stiff/unhealthy competition
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