External influences Economy Interest rates Most businesses will need Es

External influences Economy Interest rates about coursees pass on need to borrow money. The stake rate will guess how ofttimes it costs.External influencesEconomyInterest ratesMost businesses will need to borrow money. The quest rate willaffect how much it costs a business to borrow money. If the interestrate is proud the money a business owes is more than before. A 20%interest rate rise would affect Cadburys they would arrive at to pay particular money towards the loan. This too would affect Sainsburys in thesame expressive style. Any interest rates that go up will affect a business becausethe business needs to make up the costs and the only way to do this isto higher the prices of their service or products. The company mighthave to borrow more money to pay for the interest rate departure up.CompetitionCompetition is where rival businesses aim their products at thesame customers and taste to win and keep their custom. Sainsburys maincompetitors are tescos, Asda and Morri sons. They all sell forage andhousehold goods. Asda could sell more food than them so Sainsburyswould belong less customers, Cadburys main competition is Masterfoods,coca cola, Walkers and Rowntrees. If Cadbury in the following year didntrelease any more chocolates or sweets and rowntrees released oppositesweets even though people would still purchase Cadburys old ideas theywould buy rowntrees new products. This way Cadburys would loose moneyand they would loose customers buying their ...