MBA501 - Week 5

MBA501: Environmental S plunderning Stuart Rogers University of Phoenix Environmental Scanning frugalal pressures have forced the car amends constancy to faces some difficult tasks over the past tense few years. However, these economic pressures have presented opportunities for growth in the diligence that should allow the fabrication to operate more efficiently. Macroeconomic Variables ii macroeconomic variables that directly impact the railroad car amends securities industry ar gross domestic product (GDP) and GDP per head. As the economy continues to grow and consumers acquire more possessions, the demand for superfluous indemnification increases. Additionally, as information gathering becomes easier for consumers, insurance companies entrust musical note continued pressure to imbibe their products as emulous as affirmable. One of the main ways that insurance companies can make their product as competitive as possible is to streamli ne their processes in ways that generate more tax per employee. The refinement of the United States miserliness means that more goods and work argon being produced. As more goods and function ar produced, consumers are acquiring more of those goods and services. Along with the acquisition of those goods and services comes the strike to insure those goods and services.

Therefore, one would expect and intricacy of the economy to live on to an increase in the purchasing of insurance. The chart infra shows the correlation between the growth in the United States economy and the expansion of the insu rance industry. United States macroeconomi! c data was interpreted from the sparing Intelligence Unit. Insurance industry data was interpreted from the IBISWorld pains Report. The second macroeconomic variable that impacts the auto insurance industry is GDP per head. As the economy, in general, becomes more efficient, the auto insurance industry is forced to follow suit. This means getting more production out of each employee. The chart below shows the...If you pauperism to get a full essay, order it on our website: OrderCustomPaper.com

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