One economic environmental factor of great importance to many businesses is:
A)the movement of the Canadian dollar.
B)entrepreneurship.
C)the actions of non-profits.
D)stakeholder activities.

Question

Quizplus · Accepted Answer

The movement of the Canadian dollar has a direct impact on the cost of imports and exports, which can affect a company's profitability. For example, if the Canadian dollar is weak against other currencies, it makes exports cheaper and more competitive, but increases the cost of imported goods. On the other hand, if the Canadian dollar is strong, it makes imported goods cheaper, but can make exports more expensive and less competitive. Therefore, it is important for businesses to monitor and adjust their strategies according to changes in the value of the Canadian dollar.

One Economic Environmental Factor of Great Importance to Many Businesses