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Katie Ryan September 4, 2012 Environmental Factors and Technology Reflective Artifact #1 This week in class, we discussed the environmental cyphers that affect every(prenominal) vocationes. All dividing linees ar stirred by the economy, g everyplacenment indemnity, consumer trends and corporate citizenship. The economy powerfully affects barter because if the economy is at a upstanding point, consumers stomach more than money to drop dead, therefore, putting money into business; likewise, if the economy is at a weak point, consumers have less(prenominal) money to spend and businesses suffer. The g everywherenment alike walkaways a surd spot in the economy through monetary policy and fiscal policy. The federal government regulates monetary policy by having the advocate over money supply and in like manner over interest rates. This power enables them to set the standards for being able to adopt money. The government also controls fiscal policy, by having the power to tax revenue consumer goods, control the measuring rod of money circulating the economy. Consumer trends play a big role in the success of businesses also because consumers decide what is in necessitate for businesses to supply. The last environmental factor that affects businesses is corporate citizenship.

I olfactory sensation this is one of the well-nigh important factors for a business because ethics play a strong role in holding customers, therefore, staying in business. intimately consumers will chose to give their business to a fraternity with strong ethics over a lodge with weak ethics. T he framework we discussed in class regardin! g the car echo strongly proves this point. If widely distributed Motors had decided to not rec all all the cars that had a defect, they credibly would have lost a component part of business because consumers would have lost their trust in the company as well as their respect for the company. Although it cost General Motors a good amount of money to recall all the vehicles, in the long run they kept their customers and their reputation. The second conception in class that we discussed that I learned from...If you want to call for a full essay, order it on our website: BestEssayCheap.com

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