SOCIO-ECONOMIC IMPACT

Companies are affected by high interest rates in terms of paying their loans and products that they purchase through credit.

• TRUE

• FALSE

When exchange rates fluctuate, they affect the ability of a company to pay its international suppliers

• TRUE

• FALSE

Whenever an economy faces a recession, it has the potential to change the attitude taken by consumers toward their purchasing decisions.

• TRUE

• FALSE

A lower inflation rate means a decrease in the purchasing power of the money of the people

• TRUE

• FALSE

Higher level of unemployment results to higher demand for products and services

• TRUE

• FALSE

For individuals lower tax means reduced disposable income .

• TRUE

• FALSE

The increase or decrease of the population affects demand for products or services.

• TRUE

• FALSE

Companies needs to adapt to the ever changing shifts in the preferences of the consumer as their lifestyle or culture changes.

• TRUE

• FALSE

businesses provide opportunities for suppliers and investors that will supply them their needs

• TRUE

• FALSE

taxes and fees collected from businesses enables the government to fulfill its functions and to provide public goods

• TRUE

• FALSE