Influences of Macro-economic Activity on Business Management

Business Management
BMP4003 Business Environment
Assessment 2
Influences of Macro-economic
Activity
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Contents
Introduction p
An explanation of two macro-economic factors that the chosen
business will need to consider and the influences these could have
on its business outputs (macro-economic factors e.g., economic
output, unemployment rates, inflation etc.) p
How will the UK current growth rate impact on the chosen business
(give reference to economic life cycle, GDP, inflation,
unemployment rate) p
How can the government current intervention methods affect the
selected busines? (e.g., fiscal and monetary policies, furlough
scheme etc) p
What are the current global challenges facing by the chosen
business and recommendations on how to overcome them in this
current time? p
Conclusion p
References p
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Introduction
Macro-economics is observer of key monetary elements which effect at the improvement of
the country. It is vital for the economic system to think about improvement of macro-
monetary elements in an effort to broaden centered approach. All most important groups
within side the economic system need to awareness on analyzing the macro-monetary
elements in a first-rate experience in an effort to growth power of key operations. The macro-
monetary elements additionally allow a rustic to awareness on move of cash deliver to assess
key monetary perspectives. This mission will cowl most important macro-monetary elements
which need to be doing not forget via way of means of an enterprise in an effort to growth the
outputs (Davidson and Forsythe, 2020). The mission will consist of number one awareness on
contemporary increase fee of United Kingdom via way of means of explaining gross home
product, monetary existence cycle and unemployment fee. The mission may also cowl the
government's contemporary intervention strategies that may effect on enterprise organization.
In this mission instance of Virgin Atlantic Airlines is considered that is a multinational
British Airline employer. The employer become based with inside the year 1984 and it's miles
based in London, United Kingdom.
TASK
An explanation of two macro-economic factors that the chosen business will need to
consider and the influences these could have on its business outputs (macro-economic
factors e.g., economic output, unemployment rates, inflation etc.)
The macro-monetary elements play a considerable function in improvement of the entire
corporation. Management of Virgin Atlantic Airlines Corporation must basically recognition
on analyzing macro-monetary elements with the intention to serve the clients and personnel
in a particular manner (Boojihawon and Ngoasong, 2018). The key macro-monetary elements
that are to be taken into consideration with the aid of using Virgin Atlantic Airlines
Corporation which effect on its commercial enterprise outputs are noted below:
Inflation- The inflation quotes is one of the principal macro-monetary elements which effect
at the functioning of a corporation. It is crucial for the studies and improvement branch of
Virgin Atlantic Airlines Corporation to recognition on inflation quotes. It will assist and
guide the corporation to expand a scientific method in determining the expenses of its
merchandise and services. The inflation quotes of a financial system additionally affects at
the cash deliver and shopping energy of the clients (Ersoy-Babula and Babula, 2018). The
inflation quotes are crucial to be decided with the aid of using the commercial enterprise with
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