3.1 What is Business
AQA
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Summary - 3.1 What is Business and External Factors
- Summary • 3 pages • 2024
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The document outlines the external factors affecting a business, categorized under the PESTLE+C framework: Political, Economic, Social, Technological, Legal, Ethical/Environmental, and Competition. These factors influence business costs and demand, with examples provided for each category. Additionally, it discusses how market conditions, competition, and environmental issues impact business operations, costs, and demand.
Summary
Summary - 3.1 What is Business and External Factors
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The document outlines the external factors affecting a business, categorized under the PESTLE+C framework: Political, Economic, Social, Technological, Legal, Ethical/Environmental, and Competition. These factors influence business costs and demand, with examples provided for each category. Additionally, it discusses how market conditions, competition, and environmental issues impact business operations, costs, and demand.
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