External Business Factors

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Reflect on the major external factors that affect business. These factors include the economy (local, national, and global), law & regulation, politics, external participants (customers, competitors, and suppliers). Select three of these factors and write a 2-4 page paper that discusses the following issues.

How do these factors affect business and business decision-making?

How do businesses attempt to influence these factors (example: How do businesses attempt to influence the legal system, and for what purpose?)

You must include specifics in your discussion of these questions.

Your paper should be 2-4 double-spaced pages in length using 1” margins on all sides and 12-point Arial font. No title page or heading is necessary; simply start writing your paper on the first line of the first page. Use complete sentences and well-designed paragraphs in your writing.

Your paper will be evaluated for spelling, grammar, punctuation, and style as well as content.

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