Business GCSE
Internal and external factors
What Internal and external factors means in Business GCSE, as defined for AQA.
Definition of Internal and external factors
Check what you remember
Read the wording for your board, then hide it and explain Internal and external factors in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Internal economies of scale arise within the business, while external economies of scale arise from the industry or location.
Topics that use Internal and external factors
- Expanding a business (AQA GCSE)
Related terms
- Diseconomies of scale
- Economies of scale
- External growth
- Fixed Costs
- Franchising
- Horizontal, vertical and conglomerate integration
- Internal (organic) growth
- Mergers and takeovers
Using Internal and external factors in the exam
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