Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When measuring performance, firms are susceptible to various uncontrollable factors. One of these is economic factors, which can be described as: Microeconomic effects such as

  1. When measuring performance, firms are susceptible to various uncontrollable factors. One of these is economic factors, which can be described as:

Microeconomic effects such as loss of income due to a poor marketing campaign

Acts of natures, so called (forced majeure), I.e. for instance acts of man or government

Business cycles, competitor actions, changing laws, or foreign exchange rate movements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Accounting questions

Question

The symbol Answered: 1 week ago

Answered: 1 week ago

Question

Context, i.e. the context of the information presented and received

Answered: 1 week ago