Identify and Briefly Explain at Least Two Key Factors in Economic

question 105

Short Answer

Identify and briefly explain at least two key factors in economic, sociocultural and political-legal environments that affect an organization.

---

Definitions:

Operating Cycle

The duration of time it takes for a company to buy inventory, sell it to customers, and collect the cash from sales.

Merchandiser

An individual or company involved in the wholesale purchase and retail sale of goods for profit.

Sales Revenue

The money made from offering goods or services for sale over a specified duration.

Sales Discounts

Sales discounts are reductions in price offered by sellers to encourage buyers to make a purchase, often recorded as a deduction from gross sales.