Macroeconomic factors that influence the operations of the company
Describe, discuss, and analyze the four factors listed below:
1. Macroeconomic factors that influence the operations of the company
2. Microeconomic considerations relative to the company
3. Legal considerations relative to equipment leases and e-contracts
4. Employment and labor law influences as the company grows both domestically and internationally
940 words with references© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/economics/applied-economics/macroeconomic-factors-that-influence-the-operations-of-the-company-asfu
..., while customer incurs higher cost to repay loan amount of home and other expensive items (Wessels, 2006). Overall, increase in the interest rate will directly reduce demand of luxury products like cars, bungalows and electronic items.
The company's operations are also greatly impacted by the microeconomic factors. It is highly crucial to give due consideration to micro environment relative to the business to maintain competitiveness and outgrowth. The following microeconomic considerations relative to the company are depicted as under:
Worker and Trade Unions: Workers and trade unions are the significant microeconomic considerations, as they are directly linked with production and business processing. Therefore, consideration to worker and trade union practices will ultimately lead in proper flow of production work (Fernando, 2011).
Competition: A level of competition in the market must be looked out by the company to keep its long term sustainability and competition. As such, increases in competition will affect the market share, revenues and profits.
Suppliers of Input: Input suppliers also influence the operations of the business and thereby, multinational and SME organizations must consider supplier of input as micro economic factor.
Marketing Intermediaries: In micro economic environment of the company, the marketing intermediaries act as an important link between the company and its customers. Marketing intermediaries include retailers, wholesalers and distributions that lead in approaching and keeping strong link with a large mass of customers across the globe (Fernando, 2011).
//Furthermore in this section, the legal considerations relative to equipment leases and e-contracts is going to be discussed and analyzed.//
Legal Considerations Relative to Equipment Leases and E-Contracts
Equipment lease is defined as contractual agreement that involves two parties namely lessor and lessee. In this type of legal agreement, one party (lessor) gives right to another party (lessee) to use equipment over a specific time period by giving fixed rental amount. The contract to equipment lease must follow various legal ...