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Legal factors affecting business

Legal factors are the laws, regulations, and compliance requirements that businesses need to comply with in order to operate legally. They can have a significant impact on businesses, both positively and negatively. The Impact of Legal Factors on Businesses Legal factors can have a positive impact on businesses by: Reducing …

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Environmental factors affecting business

Environmental factors are the forces that shape the natural world and that can have a significant impact on businesses. They include things like climate change, natural resources, pollution, and sustainability. These factors can have a direct impact on businesses, such as by increasing costs or reducing productivity. They can also …

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Technological factors affecting business

Technological factors are the forces that shape the development and adoption of new technologies. They are an important consideration for businesses that are looking to stay ahead of the competition. Some of the most important technological factors include: Innovation: The process of developing new products, services, or processes. Diffusion of technology: The …

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