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)
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