External factors that impact businesses are those beyond the immediate influence of the organization and can affect its performance and ability to achieve its objectives. Some examples of external factors include changes in the economy, government policies, shifts in the market and competition, technological changes, shifts in consumer demand, changes in environmental regulations, and shifts in culture and social values. These factors can affect the company in many ways, including the demand for its products or services, input costs, competition, expansion opportunities, profitability, and reputation. Companies must be vigilant about these external factors and be able to adapt and respond to maintain their success and relevance in a changing and challenging business environment. In addition to the external factors mentioned above, other factors can also be considered, such as geopolitical situations and international relations, weather and environmental conditions, stock market fluctuations, availability and expenses related to hiring personnel, and demographic and migration trends. External factors can be both positive and negative for a company. For example, a growing economy can increase demand for a company's products or services, while a recession can reduce demand. Government regulations and manufacturing expenses may increase and reduce profits, but they can also create opportunities for new areas of business, such as renewable energy or healthcare. Competition can lower prices and reduce profits, but it can also drive innovation and improve quality. Overall, companies must be prepared to face external factors and adapt to changes in their environment. This may involve conducting market and competition analysis and studies, investments in technology and employee training, adopting corporate social responsibility policies, and expanding the range of products and services to mitigate the impact of changes in a specific market sector. External factors are a constant reality in the business world, and companies must be prepared to face and leverage them to maintain their success and relevance in the market.