Answer to Question #113150 in Microeconomics for Tumi

Question

explain with examples the market/task environment of a bank

Answer 1

Task environment of a bank ate the events and influences that come from outside the bank and affects its ability to reach it's business goals. Such include customers, competitors, labor forces and government regulations. Customers creates demand and are source of income for the bank. Government regulations may change thus impacting on things like the bank's interest rate. such government regulations include tax rates.