The operational plan is a section of the overall business plan that concerns how the company will operate from day to day. However, entrepreneurs and business managers must consider external factors ...

Price elasticity represents the likelihood that a change in the price of a product will result in an increase or decrease of sales, as explained by Study.com. If a product has a high amount of price ...

The airline industry has contributed to the globalization of the world economy. It connects buyers and sellers. It also transports goods across nations. It breaks the barrier of distance and time. The ...

Forbes contributors publish independent expert analyses and insights. Shelley E. Kohan covers the retail industry and is based in New York. Retail sales remained flat from August to September, while ...

External developments are often the X-factor that bring surprises to our projections of the economic future. Using the language of sailors, we can only sail against the prevailing wind which only ...

If you want to grow quickly and successfully, you need a solid plan that positions you well in the market and gives you plenty of business opportunities. Strategy is fundamentally about how you are ...

A business can be affected by both internal and external environments. These internal and external factors can influence your business performance in huge ways. Of course, factors that are external to ...

But one of the most interesting talks I’ve seen so far was on the Data and Analytics stage, where Return Path’s senior director of professional services Guy Hanson discussed how external factors can ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor ...