Influence of poverty in the business?

Answer 1

fewer customers less productivity and decrease in profits

Answer 2

Any type of crime due to poverty has a significant impact on the business. The first one is the loss of revenue or income especially if the profit of the business has been robbed. Even though you can still able to recover it by doubling your effort and sales, it's still very difficult to loss revenue. In case the property or the establishment itself has been burned or damaged due to crime like arson, it is not easy to put things together again. It will take months to years until you recover your lost. In some case business may become bankrupt especially if crimes have caused them an extreme damage not just to property but also to revenue and capital.

Answer 3

Without money to spend on recreational activities or clothing or what have you it leads the retailer to go to drastic measures. Having special sales or if push comes to shove, having a liquidation or going out of business sale.

//A healthy economy is a delicate balance of saving and spending. In an ideal world the balance is maintained. It's important for consumers to buy, circulate money into the economy, making the need for jobs, which in turn puts money back into the system. This is an oversimplified explaination but it's the general idea.

Answer 4

The impact of poverty on a business can vary greatly from business to business. Some businesses are designed to service communities of poverty. This type of business can flourish. Other types of businesses are negatively affected by poverty.

Answer 5

fewer customers less productivity and decrease in profits

Answer 6

Business cycle begin to have down turn

Answer 7

They make less money

Answer 8

Job loss and homelessness