Economic factors that affect business's

Question 1

What economic factors can affect a business

Answer 1

• eed costs
• transport cost
• Equipment costs (cattle crushes, feed cratches)
• Vaccinations (injections)
• feet trimming costs
• vet bills
• size of herd
• bedding costs
• machinery used
• location
• wages of employees
• electric bills
• infrastructure costs
• insurances
• inspections
• loss of use (foot and mouth outbreak, TB)
• seasonal variances (sell cattle in the autumn - spring)
• National minimum wage
• Rates (business pay for buildings to the government)