The Business Environment
1. Describe the role of business in the economy.
Have you ever wondered why there are so many businesses in the world? Or why do we need them all? Business is what keeps the economy moving forward. If you think about it the more business there are out in the world the more people that have the opportunity to gain employment. Employment levels influence a range of other standard-of-living metrics, such as disposable income, home foreclosure rates and new small business startups. When business are doing well the economy benefits. For example banks are more willing to lend consumers money. Interests rates are lower some businesses even given back to the ...view middle of the document...
Business benefits not only the person starting it up, but everyone in that area or in that economy benefits. They create most new innovations, and provide a vast range of opportunities for new businesses, which serve as their suppliers.
3. Discuss the impact of current fiscal and monetary policy on the economy.
Presently in the year 2012 many people think the United States has a poor monetary policy, which has caused the economy to decline. The government has spent money that we don’t have and caused the United States to have trillions of dollars in debt. However, when money is barrowed it is used to bail out different things in the economy. Bailing companies out boost the economy in positive ways. For example if a company is saved, employees won’t lose their jobs. The election of 2012 may change the monetary policy that we have in place right now.
4. Select a product or service with which you are familiar and outline a strategy for accessing global markets.
Automobiles are products that are frequently used around the world. Most cars in America are imported. Just to name a few Mercedes, Honda, Toyota and Audi. For the automotive industry to reach global markets they do many things to reach different markets. The main tool in the strategy is to use the media to reach a wide range of consumers. The media tools include but aren’t limited to the internet, T.V. advertisements, and...