Each macro-environmental trend has a distinct impact on the consumer and industrial market.Identify the scenario where industries such as check-cashing outlets and pawn shops will face a tough time staying in business.

Question

Quizplus · Accepted Answer

When the economy is robust, people tend to have more disposable income and are less likely to need the services of check-cashing outlets and pawn shops. Additionally, they may be more likely to have access to traditional banking services, further reducing the need for these types of businesses. Therefore, industries such as check-cashing outlets and pawn shops will face a tough time staying in business during a robust economy.

Each Macro-Environmental Trend Has a Distinct Impact on the Consumer