Other External Influences On Business

Workers will require training

New products encourage consumers to buy

Expensive to buy and introduce with no certainty it will succeed

Customers still prefer personal contact

The underlying movement or direction of data over time

Payment for work, usually paid weekly

Something that limits or controls its actions or decisions on a business

The cost of producing one item

The financial gains made by a business as a result of a business decision

The provision of a product or a service to satisfy consumer wants and needs

The income to a business during a period of time from the sale of goods or services

The valuation by a government agency of all external and private costs and benefits resulting from a business decision

Policies, strategies or measures taken to promote a good image for a company and/or its products

People selected at random as a source of information for market research

Formed by people who share a common interest and who will take action to try to change government policy or business decisions

A specific group of customers or potential customers

Well organized and funded

The cost to the business of changing its methods is more than the possible cost of poor image and lost sales

They have public support and in the media

Consumer boycotts cause reduced sales