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The external environmental factors that affect a business cooperation are

Commerce
JAMB 2015

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.
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Correct Answer: Option A
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.

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