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If there is a shortage of suitably qualified personnel to employ, then the salaries of the qualified staff goes up. If you can not hire then you can not make. Some buisnesses will locate to places where there is a skilled labor force.
If there is no shortage of qualified labor then the salaries of employees goes down. Business will move production to the place of cheapest labor.
What else can I help you with?
What is the meaning of Current market situation?
The meaning of market situation is basically understanding how the external environment is affecting a business. It focuses on how the external environment affects their customers.
How does business location influence business growth?
Business location is an important factor for every business, especially as form of investment. Wherever a business is located, the location defines the market needs and stability of the consumers around it, the price value of the commodities on it, or in short, the whole market value that currently exists in the location affects how a business moves and compete with other businesses.
Describe the effect of the Business Cycle and how it affects the Real Estate Cycle including the effect it will have on Property Management as a Market Concern?
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How the business affect the economy?
how does economy affects business
How does the economy affect business?
how does economy affects business
What affects globalization?
Market regulations.
What type of business is a monopoly?
monopoly business , is related as a single sella r market with homogenic market in business market
How Environment affects business activities?
Environment is affected by business
How does culture affects business?
Culture affect business because it affects what customers desire. When new trends come to life, businesses must adjust their business offerings.
What are the two major types of markets?
consumer market and the business-to-business market.
Does a bull market occur when business conditions are bad?
No, a bull market is associated with an upswing in the market, which would indicate that business conditions are good. A bear market is associated with poor business conditions.
Why and how business enter and survive in foreign market?
Why and how business enter to survive in foreign market
