Impact of Economy on Business Organizations: Case Study of Blockbuster LLC

Economics and
Financial
Management

EXECUTIVE SUMMARY
This report summarised that, Blockbuster LLC is the entertainment sector company
which deals in rental services. This report cover the various aspects such as about the company
and what actually happen with them which reduces their demand in the market. Evaluate the
micro or macro economic factor which affect the economy and contributed in the business
failure. There are two reasons of the failure Blockbuster LLC that is poor leadership and the
another one is high prices of their services which they offer their customers. Company should
focus on their customer's demand and their willingness to pay price for the goods & services
organizations offer. External factors such as growth, unemployment, inflations, etc. all are affect
the business and its operations. Company need to understand human decision making process
with the help of rational choice model or implement the Behavioral Economics for the further
evaluation.

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
1. Identify and evaluate the impact the economy has on business organisations........................4
2. Appraise and apply economic theory to a range of contemporary business ...........................6
RECOMMENDATION...................................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES ...............................................................................................................................9