The Economic Climate On Business
Muhtasari
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.
Malengo
- 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.
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Maelezo ya Somo
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Tathmini ya Somo
Hongera kwa kukamilisha somo la The Economic Climate On Business. Sasa kwa kuwa umechunguza dhana na mawazo muhimu, ni wakati wa kuweka ujuzi wako kwa mtihani. Sehemu hii inatoa mazoezi mbalimbali maswali yaliyoundwa ili kuimarisha uelewaji wako na kukusaidia kupima ufahamu wako wa nyenzo.
Utakutana na mchanganyiko wa aina mbalimbali za maswali, ikiwemo maswali ya kuchagua jibu sahihi, maswali ya majibu mafupi, na maswali ya insha. Kila swali limebuniwa kwa umakini ili kupima vipengele tofauti vya maarifa yako na ujuzi wa kufikiri kwa makini.
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- 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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