Question

Explain how current economic indicators, such as inflation and unemployment, affect you personally. Explain how they may affect you as a manager

Answer 1

Answer is given below :

Explanation:

• In an economy, inflation raises the price level of the basket of goods and services, thus reducing the demand for this affected good and services.
• This decrease will increase the listings in companies as sales of these goods and services will decrease. Production is the work of labor and capital,
• NRSE inflation is reduced and there is no need for more production at the company level to reduce the inventory sold, which allows firms to reduce costs in the form of labor cost and other variable cost
• Companies tend to sell their untold innovations due to declining sales and top-downs that reduce profit margin. Therefore managers are concerned about the profitability of the company and their bonus.