GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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impact of external factors on product development
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Technological developments, Economic issues, Legal issues
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Technological developments
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Economic issues
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Legal issues
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Explanation:
Detailed explanation-1: -These are: 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.
Detailed explanation-2: -External environmental factors are the factors outside the organization that influence the business. These often include the social and cultural, natural environment, political, legal, technological, and economic factors.
Detailed explanation-3: -PESTEL stands for Political, Economic, Social, Technological, Environmental and Legal.
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