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Internal Influences
Internal Influences in a Business
| Question | Answer |
|---|---|
| What are internal influences? | Factors over which businesses have some level of control |
| Product | The types of goods and services produced and sold by businesses. |
| Location | Where the business is located |
| Types of Resources | Human, Information, Physical, Finantial |
| Human | Managers of a business are able to choose who they hire. |
| Information | What kind of information businesses require, such as legal advice or financial information. |
| Physical | What kind of physical items (goods) a business requires. |
| Financial | Where a business gets it’s finance (financial capital) |
| Business Culture | The ideas, values and beliefs of a business |