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mote1985 [20]
3 years ago
13

which factor in the business environment does be wiser need to address in order to stay abreast minimum wage

Business
1 answer:
Bumek [7]3 years ago
4 0

The economic factor in the business environment does need to be wiser addressed in order to stay abreast of minimum wage.

<h3>What is an economic factor?</h3>

In a business environment, economic factors are factors that influence the performance the buying habits of the consumers and business for B2C and B2B business respectively.

From an economic standpoint, these factors pose a risk to the well-being of a business environment. These factors include:

  • Supply and demand  
  • Inflation
  • Interest rates
  • Unemployment etc.

To stay abreast of the minimum wage proposed by the government to pay the employers, the economic factor in the business environment does need to be wiser addressed.

Learn more about economic factors here:

brainly.com/question/15265265

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what is your understanding of equal opportunities for girls and how you think we all are working towards achieving it ? ​
IRINA_888 [86]

Explanation:

I will work and raise a foundation to help to all those in need with a non profit organization

3 0
3 years ago
Why do most people think of marketing as merely selling or advertising and how is this view limiting?
zysi [14]
Because marketing has a huge range. Generally, people regard it as just simple a place where people sell or purchase goods. 
In my opinion, this kind of view will limit people's mind. I mean, people do not have a good awareness of what marketing is and what business is. 
8 0
3 years ago
Is it necessary that the five steps in the strategic management process be performed sequentially? Why or why not?
Artemon [7]

Answer:

No

Explanation:

Strategic management process may be defined as the process which appraises the industries and business where the organization is involved. It is the culture of appraisal that any business adopts in order to outdo their competitor.

There are mainly 5 steps for the strategic management process in any business. They are :

-- in goal setting

-- to analyze

-- in strategy formulation

-- in strategy implementation

-- to control and evaluate

These are main 5 steps which follows a logic and is easily understandable as it is simple process. But it is not compulsory for the business or organization to take these steps in a sequential manner. It depends upon the company's need. Many company analyses the internal as well as the external factors that affects their strategy which is important to their business process. So they may start with any step for the appraisal process.  They can start with any step and see the impact of it and then change or move to any other step depending upon their necessity. It is according to the company's need and situation that these steps are taken in any sequence by the company.

4 0
4 years ago
Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $137,
Talja [164]

Answer:

a)

Dr Bad debts expense 1,787

Cr Allowance for doubtful accounts 1,787

b)

Dr Bad debts expense 4,813

Cr Allowance for doubtful accounts 4,813

Explanation:

Mazie Supply Co. Journal entry

a)

Dr Bad debts expense 1,787

($4813-$2,338+$688)

($4,813-$3,036)

Cr Allowance for doubtful accounts 1,787

b)

Dr Bad debts expense 4,813

(3%×$137,500+$688)

($4125+$688)

Cr Allowance for doubtful accounts 4,813

6 0
4 years ago
When Whitney took over her father's sporting goods store, she evaluated some of her father's vendor relationships. She found tha
kolezko [41]

Answer:

The answer is D. Open communication is key in building lasting relationships whether in business or in personal relationships.

Explanation:

For two companies to maintain a strategic relationship, there must be open communication.  Whitney displayed correct understanding of this ingredient for strategic relationships.

That was why she was open enough to work out a more amicable relationship with Rodney.  She discussed her sales goals and new ideas for the business.  On Rodney's part, he showed no interest.  He was not ready to discuss his own sales goals.

Rodney lost a golden opportunity offered by Whitney by opening up communication.  He should have embraced the chance to bring up his concerns and discuss his goals openly, unless he is hiding something.  He could be deliberately overcharging on price.  These comments remain mere guesses as Rodney failed to open up.

7 0
3 years ago
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