These are estimated lower and upper costs of living in Edinburgh. The cost of living can vary greatly depending on your lifestyle, budget and spending habits. These costs are broken down by month. You can calculate your estimated budget based on how long you will be in Edinburgh. These costs do not include tuition fees.
3. Briefly describe the task environment and its four primary sectors. ANSWER: The task environment is the portion of the external environment that directly influences the organization's operations and performance. The task environment is made up of customers, competitors, suppliers, and the labor market. These sectors typically conduct day-to-day transactions with the organization. Level: 2 Page: 88-89
You can divide the economic environment into the microeconomic environment, which affects business decision making-such as individual actions of firms and consumers-and the macroeconomic environment, which affects an entire economy and all of its participants.nstructor: Shawn Grimsley. The economic environment in which a business operates has a great influence upon it. In this lesson, you'll learn about the economic environment in business, including its various factors and importance.