Since the Increase in Unemployment in a Small Atlantic Canadian

question 6

Short Answer

Since the increase in unemployment in a small Atlantic Canadian town, retailers have noticed that sales have decreased. The retailers are being affected by which element of the external environment?
Socio-cultural
Economic
Environmental
Global
Political‒legal

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Definitions:

Finished Goods

Items that have finished being manufactured and are prepared to be offered to consumers.

Manufacturing Cost

The total expense involved in the production of goods, including labor, materials, and overhead costs.

Finished Goods Inventory

The portion of inventory that has completed the production process and is ready for sale.

Work-In-Process Inventory

The value of inventory that has started the production process but is not yet completed.