0 votes
in Business Studies Form 1 by
Explain five factors that constitute a healthy external environment for business

1 Answer

0 votes
  1. Political stability- this will create a conducive environment for business to thrive
  2. Favorable laws- this will encourage people to engage in business
  3. Reliable supply of raw materials –this will ensure proper growth and development of business
  4. Fair competition – this will enable the business to cope
  5. favorable physical factors- this will encourage business in such an area as workers will be attracted in that region
  6. Availability of market- this will create buyers for the business goods hence expansion and continuity
  7. Advanced technology – this will make the daily activities efficient
Welcome to EasyElimu Questions and Answers, where you can ask questions and receive answers from other members of the community.

6.4k questions

9.6k answers


590 users