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External factors and STEP

External factors and STEP

Concept map showing social, technological, environmental and political factors feeding into business decisions about products, prices, staffing, suppliers and location

External factors are influences from outside a business that affect its decisions, performance and success. A business usually cannot control them, but it can respond to them.

External factors Lesson

  1. IGCSE
  2. /Business
  3. /External factors

Step-by-step lessons covering Edexcel IGCSE Business External factors for IGCSE Business. Each lesson works through exam-style questions in Paper 1 and Paper 2 format. Build a solid grasp of core business terminology and the different functional areas (marketing, operations, finance, people) before moving on to the evaluation-heavy case-study and calculation questions.

Lessons