On a global basis,both external and internal factors are responsible for creating favorable conditions for development of strategy and resource allocation on a global basis.

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Both external and internal factors play a crucial role in creating favorable conditions for the development of strategy and resource allocation on a global basis. External factors such as changes in the global economy, political factors, and technological innovations can impact business operations globally. Internal factors such as organizational structure, capabilities, and resources also contribute to the development of a global strategy. Thus, both external and internal factors need to be considered to develop effective global business strategies.

On a Global Basis,both External and Internal Factors Are Responsible