The Economic Climate On Business
Gbogbo ọrọ náà
A furniture shop has a good year and a bad year without changing anything at all. Same shop, same stock, same staff, same prices. In the good year customers walk in and buy a sofa on twelve months of credit. In the bad year the credit costs them more, their own jobs feel less secure, and the sofa can wait until next year. The shop did nothing differently. The economy did.
This topic is about the forces no business controls and every business is affected by. In this lesson you will learn what interest rates do to a business with an overdraft or a loan, and what they do to the customers who were going to buy from it. You will learn why a change in the level of employment pushes a business's costs and its revenue in opposite directions, and why the same fall in incomes almost destroys some businesses and barely touches others. The specification is clear that you do not need any economic theory about why interest rates change; what you need is to trace what happens to a particular business when they do.
Ebumnobi
- Interest rates:
- how fluctuating interest rates can affect businesses that rely on overdrafts and loans for finance
- how fluctuating interest rates can affect consumer and business spending.
- Level of employment.
- Consumer spending.
Maapụ uche
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Akwụkwọ Ọmụmụ
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Nnyocha Ọmụmụ
Ekele diri gi maka imecha ihe karịrị na The Economic Climate On Business. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Which one of the following is most likely to happen if there is a large rise in unemployment? A. Demand for luxury goods will increase B. More people will be looking for work C. Wages will rise quickly D. Consumer spending will increase Answer: B
- Interest rates rise sharply. Which one of the following businesses is likely to be affected most? A. A bakery selling bread for cash B. A bus company charging single fares C. A car dealer whose customers buy on finance D. A newsagent selling newspapers Answer: C
- A business has a loan of 400,000 at a variable rate. The rate rises from 4 per cent to 7 per cent. By how much does its annual interest cost rise? A. 3,000 B. 12,000 C. 16,000 D. 28,000 Answer: B
- Which one of the following is a benefit to a business of a rise in unemployment? A. Consumer spending increases B. It becomes easier and cheaper to recruit staff C. Its customers can borrow more cheaply D. Its interest costs fall Answer: B
- Incomes in a country fall. Which one of the following businesses is most likely to see demand rise? A. A budget supermarket B. A jeweller C. A luxury hotel D. A new car showroom Answer: A
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