Question

• Choose a small business or local organization with which you interact on a regular basis.
• This organization can be your place of employment, local supermarket, church, school, or any other type of retailer.
• Noticeable organizations, such as public corporations, will not be considered for this activity.

In your response, address the following: The Local Business is Food Lion Grocery store (Regional)

• Discuss at least three elements of the American economy that will affect this organization in the future.
• Use the textbook to substantiate your response.

Answer 1

The elements of American economy which will have influence on the way Food Lion Grocery Store operates in the future, are as follows:

· The purchasing power of the citizens: This will decide whether the citizens may limit their purchase to essential goods in future or they may prefer splurging on non-essential goods as well.

· The disposable income level: This will also be a big factor which will influence the revenue stream of Food Lion Grocery Store

· Green consciousness: If the overall American economy is moving towards green and sustainable products, then the demand pattern will also get shifted in that direction. This will deteriorate or end the demand towards the non-green products and the inventory will become a wastage for the company.