Which of the following are macroeconomic factors that may have influence to the commercial negotiation? Select TWO that apply

Which of the following are macroeconomic factors that may have influence to the commercial negotiation? Select TWO that apply
A . Equilibrium price
B . Supply curve
C . Unemployment rate
D . Bargaining power of supplier
E . Rising import tariffs

View Answer

Answer: C,E

Explanation:

There are many macro economic factors that could influence procurement in general and commercial negotiation in particular.

Below are six factors that are agreed to be fairly significant:

• Economy growth rate

• Inflation rates

• Interest rates

• Currency exchange rate

• Unemployment rate

• Protectionism

LO 2, AC 2.2