Explain both internal and external variable?

Internal variables refer to factors within a system or organization that can influence its performance, such as employee motivation, company culture, and operational processes. External variables, on the other hand, are external influences that can impact the system, including market trends, economic conditions, and regulatory changes. Both types of variables play crucial roles in decision-making and strategic planning, as they shape the environment in which an organization operates. Understanding the interplay between internal and external variables is essential for effective management and adaptation.