Factors of 27

Table of Contents

What do we understand by Factors?

Factors are specific conditions or events that influence the occurrence or results of something else. They can be internal or external factors, and can be controllable or uncontrollable. Internal factors are things that are within the organization’s control, such as its policies, procedures, and strategies. External factors are things that are outside of the organization’s control, such as the economy, the weather, and social and political changes.

Kinds of Factor

There are three types of factors:

1. Primary factors: These are the most important factors in explaining the variation in the dependent variable. They are also called the independent variables.

2. Secondary factors: These are the factors that are not as important as the primary factors in explaining the variation in the dependent variable.

3. Tertiary factors: These are the factors that are the least important in explaining the variation in the dependent variable.