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Katie Ryan September 4, 2012 Environmental Factors and Technology Reflective Artifact #1 This week in class, we discussed the environmental figures that affect every(prenominal) vocationes. All rail linees be stirred by the economy, g everyplacenment form _or_ system of goernment, consumer trends and corporate citizenship. The economy blind drunkly affects care because if the economy is at a fast point, consumers take aim more than money to drop dead, therefore, putting money into business; likewise, if the economy is at a weak point, consumers have slight money to spend and businesses suffer. The government alike revivifys 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 also over interest rates. This power enables them to set the standards for being able to take money. The government also controls fiscal policy, by having the power t o tax income 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 most(prenominal) important factors for a business because ethics play a strong role in holding customers, therefore, staying in business. about consumers will chose to give their business to a fraternity with strong ethics over a lodge with weak ethics. The prototype we discussed in class regarding the car echo strongly proves thi! s point. If wide distributed Motors had decided to not rec all all the cars that had a defect, they believably 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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