External forces that affect businesses include advances in technology.
External forces in businesses refer to any force or element outside of the business organization that can affect or have an impact on that business. Such forces can be of different forms, be it political, social, or even technological in nature.
- A business requires employees, a capable leader, or even a mission to ensure that the business is running smoothly and efficiently.
- All these factors are within the company itself.
- But an external factor is an advancement in technology.
- This, along with governmental policies, or social issues are beyond the confines of the company. Rather, they are outside of the organization, making them external factors.
When we say "external", it refers to anything outside of the company. This means that one external force that affects businesses is that of technological advancements. Thus, the correct answer is the first option.
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