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Katie Ryan September 4, 2012 Environmental Factors and Technology Reflective Artifact #1 This week in class, we discussed the environmental ingredients that affect every(prenominal) vocationes. All logical argumentes ar stirred by the economy, g everyplacenment insurance policy, consumer trends and corporate citizenship. The economy untroubledly affects melodic line because if the economy is at a blotto point, consumers come more than money to drop dead, therefore, putting money into business; likewise, if the economy is at a weak point, consumers have little money to spend and businesses suffer. The g everywherenment alike takes a strong spot in the economy through monetary policy and fiscal policy. The federal government regulates monetary policy by having the advocate over money supply and in like manner over interest rates. This power enables them to set the standards for being able to sorb money. The government also controls fiscal policy, by ha ving the power to levy consumer goods, control the measuring rod of money circulating the economy. Consumer trends play a big role in the success of businesses also because consumers decide what is in necessitate for businesses to supply. The last environmental factor that affects businesses is corporate citizenship.

I olfactory sensation this is one of the around important factors for a business because ethics play a strong role in holding customers, therefore, staying in business. close to consumers will chose to give their business to a fraternity with strong ethics over a lodge with weak ethics. The law suit we discussed in class regarding the car! echo strongly proves this point. If astray distributed Motors had decided to not rec all all the cars that had a defect, they belike would have lost a component part of business because consumers would have lost their trust in the company as well as their respect for the company. Although it cost General Motors a good amount of money to recall all the vehicles, in the long run they kept their customers and their reputation. The second conception in class that we discussed that I learned from...If you want to call for a full essay, order it on our website: BestEssayCheap.com

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