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It affects your business because your products prices increase and so do the wages of any employees you have. If the inflation rates are 4% then that means in one year £100 will drop in value by 4%, so it will only be worth £96. Effectively, the business must then raise wages to cover this expense.
What else can I help you with?
How will inflation affect hospitality industry in Nigeria?
how does inflation affect hospitality in nigeria industry
What are the economic factors affecting a business environment?
Economic factor that affect businesses: 1. Income 2. Inflation 3. Recession 4. Interest Rate 5. Exchange Rate There are four major elements that affect business environment. The elements are: 1. Economic growth 2. The business cycle 3. Employment and unemployment 4. Inflation
How does inflation affect the airline industry?
Inflation affects the airline industry in a negative ways The increase in the prices does not help the business as the purchasing value of money is usually decreased which causes huge losses to the industry.
How do interest rates and inflation affect real estate in south Africa?
explain how do intrest rates and inflation affect the real estate
How did inflation affect the cost of goods on the colonies?
they were cheaper
How will inflation affect hospitality industry in Nigeria?
how does inflation affect hospitality in nigeria industry
What are the economic factors affecting a business environment?
Economic factor that affect businesses: 1. Income 2. Inflation 3. Recession 4. Interest Rate 5. Exchange Rate There are four major elements that affect business environment. The elements are: 1. Economic growth 2. The business cycle 3. Employment and unemployment 4. Inflation
What are the economic factors affecting business environment?
Economic factor that affect businesses: 1. Income 2. Inflation 3. Recession 4. Interest Rate 5. Exchange Rate There are four major elements that affect business environment. The elements are: 1. Economic growth 2. The business cycle 3. Employment and unemployment 4. Inflation
How does inflation affect the airline industry?
Inflation affects the airline industry in a negative ways The increase in the prices does not help the business as the purchasing value of money is usually decreased which causes huge losses to the industry.
What are the recent challenges in business?
Inflation
How do interest rates and inflation affect real estate in south Africa?
explain how do intrest rates and inflation affect the real estate
Can inflation change a business cycle?
yes because less employment cause inflation
How will the weather affect the inflating of the balloons?
how will the weather affect the inflation of the ballooons
Was the ATM the answer to inflation?
No. The ATM does not in any way affect or answer inflation. It is just a machine through with customers can do banking transactions without visiting their bank. It does not cause or affect inflation. Only the country's central bank can control inflation by changing regulatory policies.
How does increased stock prices affect the nation?
Inflation!
What organization most affect the money supply?
inflation
How did inflation affect the cost of goods on the colonies?
they were cheaper
