external forces


Pressures that arise from outside a system. In the context of a business, external forces typically refer to those factors that can have an effect on the business which are related to the market prices for raw material supplies, the consumer demand for the company's finished products, government regulation, and the strength of effective competition.

Related Videos


Have a question about external forces? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z