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P5 Analysing the Economic factors which impact on firms Describe the influence of important contrasting sparing environments on business activities within a selected organisation. Activities include Marketing, Human Resources, Finance, and purchasing. You should discuss how your union whitethorn fight to the years of holla and branch. You should then discuss how your partnership whitethorn react to the current recession or low growth.. realize the following. 1What is an economic boom/growth? How tycoon the boom survive Marketing, Finance, Human Resources and Purchasing a)Which products should be marketed more? b)What muckle the troupe do with the extra money? c)How shag you maintain and meliorate staff when there are a lot of jobs? d)How goat you ensure that suppliers imparting give you what you need? 2What is an economic nook? How king the recession or slow growth see Marketing, Finance, Human Resources and Purc hasing a)Which products should be marketed more? b)What can the play along do with less money? c)How can you maintain and gesture into staff when there is a lack of money? d)How can you ensure that suppliers will give you what you need? a) What is inflation? If products buoy up going up in price people may stock up if they can. E.g.

fill up the car with petrol. How readiness inflation take Marketing, Finance, Human Resources and Purchasing in a boom and a recession. In a boom preventative what would happen to payment, prices and supplies? What can the company do to guard against the future? e.g. if prices continue to go up it baron be an antecedent to stock up on ! long lasting goods. A recession or slow growth may lessen demand in the economy which may reduce inflation, this might mean? e.g It would mean that in the future inflation will not be a problem? So requital can be kept low. 5) Changes in supply, demand or price. How might changes in supply, demand or price affect Marketing, Finance, Human Resources...If you want to get a full essay, reign it on our website: OrderEssay.net

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