Take a close look at the key economic indicators that a company should be aware of when making business decisions. Describe significant changes to the economic indicators and the impact these changes have had on the domestic and global economies. Explore the discounts used in the valuation process and the types of valuation methods that are used.

Economic Indicators

1. Explain what economic indicators are and why they are important to a company.
2. Identify three types of economic indicators that a company might use to inform its business decisions.
3. Explain how a company might make business decisions based on its knowledge of economic indicators.
4. Explain any significant changes that have affected economic indicators over the past three to five years. Include the following detail in your response:
   1. Explain what you think caused the changes to occur.
5. Explain the impact the changes to the economic indicators have had on both domestic and global economies.
6. Explain how a company should respond to changes related to domestic and global economies to remain in business and competitive.

Valuation Discounts

1. Explain the discount for lack of control (DLOC) and when it is used in the valuation process
2. Explain the discount for lack of marketability (DLOM) and when it is used in the valuation process.
3. Explain the discount rate that is used in the discounted cash flow (DCF) valuation method. Include the following detail in your response:
   1. Describe how the discount rate is derived in this DCF method.

Valuation Methods

1. Explain the market-based approach valuation method. Include the following detail in your response:
   1. When might the market-based approach valuation method be used?
2. Explain the asset-based approach valuation method. Include the following detail in your response:
   1. When might the asset-based approach valuation method be used?
3. Explain the earnings-based approach valuation method (discounted cash flow valuation method). Include the following detail in your response:
   1. When might the earnings-based approach valuation method be used?