The External Environment
Analyse how external factors such as interest rates, demographic shifts, and competition affect business costs and demand. Students will explore strategies businesses use to respond to these external pressures.
About This Topic
Analyse how external factors such as interest rates, demographic shifts, and competition affect business costs and demand. Students will explore strategies businesses use to respond to these external pressures.
Key Questions
- How do interest rates affect business costs?
- What impact do demographic changes have on demand?
- How does competition influence business strategy?
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