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Katie Ryan September 4, 2012 Environmental Factors and Technology Reflective Artifact #1 This week in class, we discussed the environmental doers that affect every(prenominal) vocationes. All bloodlinees are stirred by the economy, g everyplacenment constitution, consumer trends and corporate citizenship. The economy powerfully affects note because if the economy is at a well-knit point, consumers piss more than money to drop dead, therefore, putting money into business; likewise, if the economy is at a weak point, consumers have slight money to spend and businesses suffer. The g everywherenment alike toys a blind drunk spot in the economy through monetary policy and fiscal policy. The federal government regulates monetary policy by having the advocate over money supply and alike over interest rates. This power enables them to set the standards for being able to take up money. The government also controls fiscal policy, by having the power to tax inco me 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 virtually important factors for a business because ethics play a strong role in holding customers, therefore, staying in business. just about consumers will chose to give their business to a fraternity with strong ethics over a lodge with weak ethics. The role model we discu ssed in class regarding the car echo strong! ly proves this point. If widely distributed Motors had decided to not rec all all the cars that had a defect, they belike 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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