Term of the Day

environmental factors

External elements (economy, politics, regulations, climate, geography,technology, cultural trendssupplierscompetition) and internal elements (financial stabilitystakeholder relationships, company culture) which can negatively impact a company’s performance or profitability. In businessplanning, environmental factors must be considered and contingenciesdeveloped to counter their influence on future performance.
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Usage Example
While many economic factors directly impact the stock market,environmental factors such as hurricanes and tornadoes have also been known to drastically affect the stock market.