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I'm only 13 years old so don't trust me completely, but what I've learnt from my dad (he is the executive boss of Samsung) is that the business will not go well as people will not tend to use as much money if the stocks are low, however you can buy stocks and wait for the financial crisis to decrease and the stock prices will increase, which will give you income.
What else can I help you with?
Which of these does not affect your personal finances?
reading a library book...
How can a competitor affect the business?
A competitor can affect a business by influencing market share, pricing strategies, and customer loyalty. If a competitor offers superior products or services, it may attract customers away, leading to reduced sales for the affected business. Additionally, competitive pricing can force businesses to lower their prices, impacting profit margins. Overall, a strong competitor can drive innovation and improvements in quality, benefiting consumers but challenging existing businesses.
What is external factors affecting pricing?
Mostly competitor external prices affect pricing.
How does unlimited liability affect a sole trader?
Unlimited liability means that a sole trader is personally responsible for all debts and obligations of their business. This implies that if the business fails or incurs debt, creditors can pursue the individual's personal assets, such as savings or property, to settle those debts. Consequently, this can create a significant financial risk for the sole trader, as their personal and business finances are not legally separated. It also may affect their willingness to take on debt or invest in the business, knowing their personal assets are at stake.
What is the importance of statistics in management?
Statistics help managers understand trends that affect their business. With statistics, managers can justify making changes to policies and strategies.
How does the changes in economy affect business?
make people lose their business
How far do political changes affect the business?
They can destroy a business or make them rich!
How government changes can affect a business?
It would depend on the changes made and the business referred to, the question is far too broad.
What factors usually affect pricing?
What factors usually affect pricing?
What factors affect pricing when determining a new selling price?
· The cost of production · The market demand for the product · The desired markup by the business owner
Which of these does not affect your personal finances?
reading a library book...
How government type and stability affect hospitality industry?
I think that most business have problems when the stability of the governemnt changes because so I think it most of the stability government will affect the business
What internal and external factors do you consider before making a pricing change?
Before making a pricing change, I consider internal factors such as production costs, profit margins, and overall business objectives. Externally, I analyze market trends, competitor pricing, and customer demand to assess how changes might affect our market position. Additionally, I evaluate economic conditions and potential regulatory impacts that could influence pricing strategies. Balancing these factors helps ensure that any pricing adjustments align with our strategic goals while remaining competitive and appealing to customers.
How can a competitor affect the business?
A competitor can affect a business by influencing market share, pricing strategies, and customer loyalty. If a competitor offers superior products or services, it may attract customers away, leading to reduced sales for the affected business. Additionally, competitive pricing can force businesses to lower their prices, impacting profit margins. Overall, a strong competitor can drive innovation and improvements in quality, benefiting consumers but challenging existing businesses.
What are the external factors that affect pricing decisions?
External factors that affect pricing decisions include market demand, competition, and economic conditions. Changes in consumer preferences or trends can influence how much customers are willing to pay. Additionally, competitor pricing strategies and the overall economic environment, such as inflation or recession, can significantly impact pricing strategies. Regulatory factors and supply chain costs also play a crucial role in determining prices.
What affects a business externally?
Several external factors affect a business. This includes political events, social changes, as well as the economic performance of the country.
How does business practices affect the spending habit and budgeting practices?
Business practices, such as pricing strategies can have a significant impact on budgeting practices. When businesses raise prices it leaves less money in the budget for other things.
