Answer to Question #170329 in Economics for Sibabalwe

Question

Based on the article, explain the interactions that a company needs to have both internally and external inorder to mitigate the risks factors mentioned.

Answer 1

Internal communication takes place when people who are apart of an organization send and receive information to each other. It is exclusive to colleagues, coworkers, or anyone else that is a member of the business.

External communication is the transferring of information between a business and another entity outside of the organization. People within the organization might still have access to the message, but it is intended for an external audience.