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Factors in the internal business environment that can lead to success of a business are;Committed ownerGood business structureProper business cultureSkilled workersAdequate financeUse-up to date technology
External factors that may affect business operations include;Legal requirementsEconomic factors eg. Consumer purchasing power, level of installing etcPolitical factors i.e Stability governanceTechnological advancementSocial/cultural factorsMarket competitionNatural factors
Resources in the internal business environment are;FinancesEmployeesBusiness structureHuman resourcesTechnologyPhysical resourcesBusiness culturesOwners
Measures taken by a business man to improve internal business environment are;Setting smart objectives/good decision making by business owner.Developing an effective business culture.Availing necessary and required skills, knowledge and valuesCarrying out service training for the existing personnel.Develop a workable business structureImproving the worker welfareUse of appropriate technology
Factors that may make an insurance company to re-insure are;Value of the propertyHigh risks of lossNumber of risks coveredNeed to spread the risksGovernment policy