External Environment

 business does not exist in isolation and can be influenced by other factors outside of their control; this is typically referred to as their ‘external environment’. The external environment consists of competitors, the economic, social, monetary system and the political/legal system.

The external environment and its impact on procurement and supply

CPD 2A business does not exist in isolation and can be influenced by other factors outside of their control; this is typically referred to as their ‘external environment’.

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