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Explain five factors that constitute a healthy external environment for business
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Aug 26, 2021
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Business Studies Form 1
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anony mous
Explain five factors that constitute a healthy external environment for business
business and its environment
external business environment
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Aug 26, 2021
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anony mous
Political stability- this will create a conducive environment for business to thrive
Favorable laws- this will encourage people to engage in business
Reliable supply of raw materials –this will ensure proper growth and development of business
Fair competition – this will enable the business to cope
favorable physical factors- this will encourage business in such an area as workers will be attracted in that region
Availability of market- this will create buyers for the business goods hence expansion and continuity
Advanced technology – this will make the daily activities efficient
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