S3 Bus Man - Ext/Int Factors and Stakeholders

Identify an external factor.

• Employees

• Managers

• Finance

• Political

Which external factor involves the opinions of the mass media and family/friends?

• Political

• Economic

• Social

• Competition

Which external factor involves the state of the economy and whether people have money to spend or not?

• Political

• Economic

• Environmental

• Technological

Which external factor may mean deliveries can't arrive on time due to bad weather?

• Social

• Environmental

• Economic

• Competition

Which of the following is an internal and external factor?

• Political

• Economic

• Social

• Technology

Which internal factor may lead to bad decisions being made if there is not enough experience?

• Employees

• Managers

• Finance

• Technology

Which internal factor may lead to a bad decision being made because market research is out of date?

• Technology

• Employees

• Information Available

• Managers

Which stakeholder has an interest in purchasing high quality products at reasonable prices?

• Employees

• Managers

• Customers

• Suppliers

Which stakeholder has an interest in the business making repeat purchases from them?

• Customers

• Employees

• Banks

• Suppliers

Which stakeholder could take industrial action (go on strike) if they are unhappy with their pay?

• Employees

• Managers

• Government

• Banks