The economy, politics, competitors, customers, and even the weather are all uncontrollable factors that can influence an organization’s performance. This is in comparison to internal factors such as staff, company culture, processes, and finances, which all seem within your grasp.
What are some external factors that may impact an organization?
External factors
- political – For example, new legislation.
- economic – For example, inflation and unemployment.
- social – Changes in taste and fashion or the increase in spending power of one group, for example, older people.
- technological – For example, being able to sell goods online or using automation in factories.
What is an example of an external influence quizlet?
the surrounding conditions in which the business operates. Includes those factors over which the business has some degree of control. External influences (EI) Economic, financial, social, legal, political, institutional, technological, competitive situation and changes in the market.
Which is an example of external influence affecting food choices?
5.01 Foods Review
| A | B |
|---|---|
| external influence affecting food choices | vitamin fortification |
| example of technological factor influencing food choices | development of shelf-stable foods |
| choosing to eat pizza at home when a parent loses a job | represents an economic need |
What are the six external environment components?
The broad environment is made up of six components: demographic, economic, physical, technological, political-legal, and social-cultural environment.
What are the four external influences on your food choices?
The Factors That Influence Our Food Choices
- Biological determinants such as hunger, appetite, and taste.
- Economic determinants such as cost, income, availability.
- Physical determinants such as access, education, skills (e.g. cooking) and time.
- Social determinants such as culture, family, peers and meal patterns.
Which is an example of an influence affecting food choices?
Some examples of these influences that contribute to an individual’s food choices include individual factors, such as knowledge, personal taste preference, mood, hunger level, health status, special diet requirements, ethnicity, and personal income.
