Ch 2 - External environment

Question 1

List every external environment

Answer 1

Legislation
State benefits
Tax
Accounting Standards
Risk management requirements
Capital adequacy and solvency
Corporate governance
Competitive advantage
Commercial requirements
Changing cultural and social trends
demographic changes
Climate change
Environmental issues
Lifestyle considerations
International practice
Technological changes

Question 2

Pass the SALT to CRC, CC them, then CITE the LCD

Answer 2

State Benefits
Accounting Standards
Legislation - Regulations
Tax

Capital adequacy and solvency
Risk management requirements
Corporate governance

Competitive advantage
Commercial requirements

Changing cultural and social trends
International practice
Technological changes
Environmental issues

Livestyle considerations
Climate change
Demographic changes