External influences of a business success

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hope this helps!
aneesak1999
Mapa Mental por aneesak1999, actualizado hace más de 1 año
aneesak1999
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External influences of a business success
  1. business rivals
    1. can be a threat if their prices are lower
      1. can help to boost trade for everyone
        1. prices and quality to compete with
        2. industry
          1. may set out guidelines eg pollution
            1. may promote products for all businesses
              1. voluntary codes to abide by
              2. Government
                1. legislation may affect business costs
                  1. can help to raise business confidence
                    1. laws to abide by, agencies to satisfy
                    2. global economy
                      1. overseas markets more accessible via internet
                        1. ups and downs in trade in a big economy can affect everyone
                        2. pressure groups
                          1. can be a threat if they gain publicity
                            1. demands for goods practice
                              1. can be a boost if products seen to be good
                            2. customers
                              1. demands for choice and quality to fulfil
                                1. consumer tastes may change
                                  1. can stay loyal to a brand
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