Impact of external world on business decision making

Running a successful business has always been a tough challenge for most business owners. They must deal with both internal and external uncertainties that could affect the business operations. Staying informed and successfully navigating through the rapid changing business environment will be key to survival. Therefore, it is essential for businesses to be aware of potential challenges facing them. Describe two challenges that UK businesses currently face and what future impact those challenges may have on the UK economy. (750 words)

Assessment criteria

Demonstrate your knowledge and understanding of how the external world impacts business and business decision making. Ability to write in a manner that is acceptable in an academic environment. Points to consider There is an expectation that you include some of the following points below: Provide clear meaning of key concepts (internal and external uncertainties). Identify two possible challenges facing businesses in