Submitted by rvg1975 on March 11, 2008
Macroeconomic Impact on Business Operations
University of Phoenix
MBA/501 – Forces Influencing Business in the 21st Century
Macroeconomic Impact on Business Operations
Macroeconomics is defined as “a branch of economics concerned with the aggregate, or overall, economy. Macroeconomics deals with economic factors such as total national output and income, unemployment, balance of payments, and rate of inflation” (Encarts.msn.com). These factors affect and influence development and operating decisions for all organizations such as pricing products and services, operating and manufacturing costs and predicting demand from consumers. This paper will discuss...
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