Discuss some of the microeconomic and macroeconomic factors a firm must consider in its own sales and profit forecasting.© BrainMass Inc. brainmass.com October 10, 2019, 2:06 am ad1c9bdddf
Discuss some of the microeconomic and macroeconomic factors a firm must consider in its own sales and profit forecasting.
Macroeconomics can best be described as the study of the large aggregates of the economy or the economy as a whole. Microeconomics is the study of the economic variables affecting individual unit in an economy. Suppose the firm is dealing into garments. Following factors can affect the firm's sales and profits:
1. Number of Close ...
Microeconomic and macroeconomic factors are summarized in this solution. References are also provided to further validate the findings.