Question

what are significance of economic environmental

Answer 1

The economic environmental of a business will play a pivotal role in determining the success or failure of a business ......If a interest rates are too high , the cost of borrowing may not permit a business to expand. On the other hand, if the unemployment rate is high, business can obtain labor at cheaper costs.....

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Answer 2

The totality of economic factors, such as employment, income, inflation, interest rates, productivity and wealth, that influence the buying behaviour of consumers and institutions..

EXAMPLE:-

1) The economic environment resulting from the 2007 financial crisis created a great deal of fear amongst companies thereby limiting their capital spending budjets.

2)The economic environment was analyzed as it was concluded that our project would be successful considering we benchmarked the best companies.

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