Rely to the comment below with at least 200 words and citation External factors is defined “Businesses can’t control external factors but must respond to them. These political, economic, social, techn

Our papers are 100% unique and written following academic standards and provided requirements. Get perfect grades by consistently using our writing services. Place your order and get a quality paper today. Rely on us and be on schedule! With our help, you'll never have to worry about deadlines again. Take advantage of our current 20% discount by using the coupon code GET20


Order a Similar Paper Order a Different Paper

Rely to the comment below with at least 200 words and citation

External factors is defined “Businesses can’t control external factors but must respond to them. These political, economic, social, technological, environmental and competitive factors are represented by the acronym PESTEC” (BBC,2022). So many companies are constantly evolving due to the constant technology advancement, low source of certain items, outer factors that impact the company resulting in necessary change from the company. Many traditional companies that do not have much technological use, or depend on natural resources, and human labor are soon being blended out due to technology advancement and man main resources that can be cheaper route for the company.

A perfect example, is COVID and this pandemic. I always tend to go back to this example because we have watched companies either go up or completely down to closing out their business. With is massive hit to the entire world, so many companies were unable to recovery from this eruptive change to the business, but that was not the case for Amazon. Amazon, grew so big their company expanded immensely having to hire a ton more of employees. “ Amazon on Thursday reported $108.5 billion in sales in the first three months of the year, up 44 percent from a year earlier. It also posted $8.1 billion in profit, an increase of 220 percent from the same period last year” (Weise,2021).  Amazon is the top online platform right now, this external factor was a benefit to the company and its growth that come with it.

Writerbay.net

We offer the best essay writing services to students who value great quality at a fair price. Let us exceed your expectations if you need help with this or a different assignment. Get your paper completed by a writing expert today. Nice to meet you! Want 15% OFF your first order? Use Promo Code: FIRST15. Place your order in a few easy steps. It will take you less than 5 minutes. Click one of the buttons below.


Order a Similar Paper Order a Different Paper