These manufacturing methods can be replicated by other businesses in the countries and improve their ability to manufacture goods. This improved ability to manufacture within the country and should lead to an increase in the GDP of the country. This will improve the trade and relations between the country and many others. Also in some cases these MNC's will invest in the infrastructure of the country. This will improve the trading process for not only the company, but also the rest of the country.
If the income of the business is more than the expenses then the company has made money and vice versa. The figures covered in the income statement are important to its managers and owners, but also to their investors and creditors’.
A focus on those in need is something that helps a company’s reputation for years to come, boosting profits in both the poorest neighborhoods and the wealthiest. Company Q benefits from having multiple active locations in place in varying income locations. Should the focus be on meeting the economic, legal, ethical, and philanthropic requirements of social responsibility, the company stands to be a responsible, reputable, and very profitable
Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to. Economic policy of government on businesses is also a very essential factor that effects businesses for example, government sets up rules and frameworks according to which the businesses compete with one and another, so from time to time government changes these rules which forces the businesses to change the way of their set ups. There are also beneficial political factors that help businesses in various ways, these factors can be defined as apprenticeships and funding of schools and colleges which will enhance the skills of the population that will affect McDonalds in having more skilled workers to work for them which will
Income is an important area of budgeting, this because without income there is no money to work within. It is necessary to raise the amount of income that is available for the budget. To do this the business could sell more products or raising prices. If costs are higher but income is not increased then this means that the profits will be affected. A business with a proper budget should be able to pay its expenses and keep
This in turn creates jobs for the people of Kava hence a start to boosting the economy of Kava. Some of the organizational structures that need to be put in place are marketing, finance, purchasing, technology, human resources, physical resource, transportation, strategic planning, leadership, and many others to work on getting the Kava economy to an acceptable
Governments institute monetary policies and other laws to ensure a favorable environment for economic growth. Minimum wage is a common economic practice in many nations and is a price control that sets a floor on employee wages. Companies must abide by minimum wage laws when compensating employees for their services. As with many government policies, minimum wage has several negative economic effects. Minimum wage represents a government involvement in a nation economy, although businesses are often wary about the prospect of the government making major economic decisions.
Although advertisements seem as a positive addition to countries in need of a stable economy, it is a enormous impact on people’s lives. (Doc. E) Without it, people wouldn’t know the latest fashion style, the best car, or the new developed drink and it would keep people in a boring routine of buying the same products and not exploring. Even though advertisements try to influence people’s decisions, it is up to the people as consumers to make moral
Big corporations do not have to absorb the cost of minimum wage increases because most minimum-wage jobs are offered by small businesses b. The minimum wage directly affects small businesses because a large amount of their earnings go directly to pay for operating expenses, such as equipment, supplies, lease or mortgage, credit lines, inventory and employee wages and benefits 2. Serves as a deterrent for new entrepreneurial ventures a. The costs are too high for new businesses to risk starting a new venture b. Does not create a favorable labor market for new businesses II.
All around the world, different countries import and export goods to each other so they can benefit themselves with economic growth. This causes overall increased prosperity for that country. These are a few reasons as to why we are affected by international