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External factors affecting a business

There are a number of external factors that can affect a business: The stage in the business cycle; changes in rates of unemployment and inflation; changes in exchange rates changes in taxation; changes in interest rates; the move towards globalization; competition; economic conditions and Government measures population trends; health and safety legislation; broad policies on education and training; trends in markets including e-commerce; enterprise culture and support; the impact of the EU, including the social chapter

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