The external environmental factors that affect a business cooperation are?

A. Economic, Social and legal
B. Political, Culture and Labour
C. Competition, Labour and Political
D. Competition, Industry and Product.

Correct Answer:

Option A – Economic, Social and legal

Explanation

These Economic, social and legal elements affect the operation of business externally. If a business wants to be successful in the marketplace, it is necessary for them to fully understand what factors exert impact on the development of their enterprise.