In: Economics
. A global company that I am choosing for this question is an
online money transfer company and it is operating on a global
platform to transfer the money so here the market is a financial
transaction market which transfers money from anywhere in the
world.
Following are the important factors that constitute the economic
environment of this type of business.
The policies and the financial rules of different countries must be
considered while making a decision to pursue the financial services
in different financial platforms of the world. These are the mean
economic environment factors which can affect the working of the
company.
Another important economic environment factor is the working
collaboration with the financial institutes and the banks because
all types of financial services are provided by the commercial
banks in the countries.
Next important factor related to the economic environment is the
level of the financial charges which can apply and these charges
are important because these charges decide the revenue of the
company.
It is important to understand the markets which are in different
stages of economic development because the financial services and
the financial market is a matter of change according to the demand
and supply forces in the economy, therefore, the financial charges
charged by the different banks in different countries also play an
important and considerable factor in the determination of the
financial services.
The World Bank four-category value system considered economic
growth, inflation, exchange rates and population affected the
business and adds value to an organisation because if you consider
the ground policies of any country then it is quite easy for you to
maintain a positive relationship to appraise the economic growth in
the organisation.