Concept:External environmental factors are forces outside the business that influence its operation and success.
Explanation:A business must understand the outside factors that can affect its activities.
These factors are largely beyond the direct control of the business.
The main external factors include economic conditions, social trends, and legal regulations.
Economic factors affect income, demand, and purchasing power.
Social factors influence customer attitude and behaviour.
Legal factors determine the rules and policies the business must obey.
Labour and product are more internal or industry-based, so they are not the best examples of broad external environmental factors.
Therefore, the best answer focuses on economic, social, and legal influences.
Answer:A. Economic, Social and legal.