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What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.
Great Marketing
Involves innovative strategies and exceptional execution to effectively promote products or services, often leading to increased brand awareness and sales.
Creating Value
The process of enhancing the worth of a product or service to customers, making it more desirable and potentially increasing its marketability.
Marketplace Demands
The needs or desires of consumers that drive the supply dynamics in a market.
Nonprofit Organizations
Entities that operate for purposes other than generating profit, focusing on philanthropic, social, educational, or other community-serving objectives.
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