External analysis is concerned with all of these: creditors, financial institutions, and government. External analysis is an important component of strategic management and involves examining the external environment in which a business operates. This analysis helps organizations understand the opportunities and threats that exist outside of their control and allows them to make informed decisions about their business strategies.

Creditors:
Creditors are an important external stakeholder for a business. They are entities or individuals who provide goods or services to a company on credit, meaning they extend payment terms to the company. It is important for a business to analyze its relationship with creditors to understand its financial obligations and the impact on its cash flow. Analyzing creditor relationships can help a business negotiate favorable credit terms, manage its financial obligations, and maintain good relationships with its creditors.

Financial Institutions:
Financial institutions, such as banks and lending institutions, play a crucial role in providing capital and financial services to businesses. Analyzing the relationship with financial institutions helps a business understand its borrowing capacity, interest rates, and repayment terms. It also allows a business to evaluate the availability of credit and financing options, which can be vital for its growth and expansion strategies.

Government:
The government has a significant impact on businesses through regulations, policies, and laws. External analysis involves analyzing the political, economic, social, and legal factors that can affect a business. Government policies and regulations can have a direct impact on a company's operations, such as taxation, labor laws, environmental regulations, and industry-specific regulations. Understanding the government's role and influence is essential for businesses to navigate the legal and regulatory environment effectively.

In conclusion, external analysis is concerned with creditors, financial institutions, and government because these stakeholders have a direct impact on a business's operations, financial health, and regulatory compliance. Analyzing these external factors allows businesses to identify risks, opportunities, and potential challenges, enabling them to develop strategies that align with the external environment and maximize their chances of success.