Economic factors that affect business's Flashcards
1
Q
What economic factors can affect a business
A
- 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)