67 If it takes Firm X 65 days to procure and receive parts and another 35 days for the product to be soldto the customer, and if Firm X pays its suppliers every 30 days, then the COC is: 65 100 30 70 QUESTION 68 Why is it important for managers to understand trends which are occurring within the economicdimension of the macro environment? O design business strategy pose opportunities and challenges to the livelihood of businesses O develop products that customers will want help managers to predict future demand