1. What aspects of the external environment are most likely to affect iTeam, Inc.’s future planning, and what impact might each factor have?
External environment factors such as economic, legal, technological, and social may affect iTeam’s future planning. Economically speaking, iTeam needs to evaluate a country’s GDP, level of inflation, disposable income, and other economic conditions before going overseas, because the potential demand for a product depends on that. Moreover, the company has to analyze the distribution structure of the given industry to ensure its products can be properly distributed.
Another economic aspect that affects iTeam is the competition. The firm used to offer lower prices to attract customers, but now it faces