Macro environment challenges

Language: English
Subject: English language > Connectives
Age: 16 - 17

_____ puts pressure on businesses since they want to support micro businesses, but they are a big risk as many fail and cannot repay debt.

Local businesses are competing with international businesses for local consumers

Businesses are faced with many challenges of poverty, unemployment, inadequate education, skills shortages, crime and HIV and Aids.

Finding safe ways to get rid of waste material especially hazardous materials.

Manufacturing machinery and equipment means that a business may need to renew this type of equipment regularly.

Higher interest rates which means that Businesses need to increase their prices

Reduced consumer spending will results in lower profit for businesses.

A change in government can result in political instability and scare away potential investors.

The government has established the National Credit Act and Consumer Protection Act to protect businesses and customers.