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cost of living have a major impact in a business.
what we need to know about cost of living in his dad it is the amount of money and individual will spend to purchase a particular goods and services which can sustain him in a particular period of time. and this cost of living mostly can be determined by the prices of goods and services that is if the prices is high the cost of living will be high but when the prices of goods and services at low or there will be a decrease in cost of living living as people will not spend much in purchasing these goods and services.
but how does cost of living affect a business.
sometimes you will need to purchase goods and services to stock up your business. when these goods are costly and expensive resulting from the increase of the prices,the purchasing power of such goods would be high it will be difficult for an entrepreneur to purchase such a goods for his business and this will lead in inadequate sales resulting in low standard of living.
but when the price is attached to this goods is slow this will also reduce the cost of living and gives the enterpreneur the opportunity to purchase the two goals for his or her business and the standard of living will be high
what we need to know about cost of living in his dad it is the amount of money and individual will spend to purchase a particular goods and services which can sustain him in a particular period of time. and this cost of living mostly can be determined by the prices of goods and services that is if the prices is high the cost of living will be high but when the prices of goods and services at low or there will be a decrease in cost of living living as people will not spend much in purchasing these goods and services.
but how does cost of living affect a business.
sometimes you will need to purchase goods and services to stock up your business. when these goods are costly and expensive resulting from the increase of the prices,the purchasing power of such goods would be high it will be difficult for an entrepreneur to purchase such a goods for his business and this will lead in inadequate sales resulting in low standard of living.
but when the price is attached to this goods is slow this will also reduce the cost of living and gives the enterpreneur the opportunity to purchase the two goals for his or her business and the standard of living will be high