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Gross Domestic Product (GDP)
is total value of goods and services provided in a country during one year.
Interest rates
are set by the Bank of England and affect the interest paid on savings and borrowing
Changes in Living wage
It is an offence to be paid less than this
Changes in fashions and trends
happen over time
Changes in the competitive environment
If more companies offer the same goods at different prices
Level of employment
can vary across regions depending
Changes in tax rates
The Government controls the amount business pay
corporation tax
Every limited company has to pay this

External Factors
Instructions | More on the Hexagons Approach

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