There are many factors that affect the international trade in the United Kingdom
There are many factors that affect the international trade in the United Kingdom. Huge competition from multinational companies also affects the local companies also affects the local businesses in UK. There are global factors that affect to the business organizations in a direct way as well in indirect way even though global factors are part of External Environment.
United Kingdom’s global factors are as follows.
Social factors: These are the factors that affect the social environment of the UK. The social factors determines habits, behaviour and life style of the people in UK. The spending power of people in that area. The spending power of the people is also considered. The age and gender of the power also affects the buying power of the people. The different cultural believes also affects the business in UK.