When setting performance measures, external factors should be taken into account.

Which THREE of the following statements regarding external factors is$/$are true?

$*$

$2$ points

Stakeholders will have different objectives and companies may deal with this by having a range of performance measures to assess the achievement of these objectives

A downturn in the industry or in the economy as a whole could have a negative impact on performance

It is only important for companies to take account of internal stakeholders when setting performance targets

Company performance could be affected if a competitor reduces its prices or launches a successful advertising campaign

Changes to government policy are irrelevant to measuring internal company performance, as they are an external factor