Which of the following is a macroeconomic factor that can affect a firm's strategy?
A) power of buyers
B) power of suppliers
C) levels of employment
D) threat of substitutes

Question

Quizplus · Accepted Answer

Levels of employment are a macroeconomic factor that can affect a firm's strategy. In boom times, unemployment tends to be low, and skilled human capital becomes scarce and more expensive. In economic downturns unemployment rises. As more people search for employment, skilled human capital is more abundant and wages usually fall.

Which of the Following Is a Macroeconomic Factor That Can