What is the impact of changes in the cost of energy, raw materials, borrowing, and premises on your
chosen enterprise?
(What happens if these costs increase/decrease and how will this impact the price of goods/services your enterprise provides)

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Answer:

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Explanation:

Running an enterprise may seem daunting at times especially when the economy isn't healthy and lack adequate commercial infrastructure. The running cost incurred on energy especially in a star without stable electricity to power engines and machines and as such leading to increased reliability on fuel and gas eats up a large chunk of revenue.

Raw materials are at the heart of producton, they are so important since they are the basis of what is being produced. This has a direct impact or say on the price of goods produced and ultimately the profit made from revenue.

Borrowing has formed a common part of a business setup, Running an enterprise would require the need taking loans, the impact of loans on business may be the repayment plan and interest rates. High Interest may result in unreasonable borrowing plan or inability to take loans to fund enterprise growth.

Identifying required environment or arrangement required for the business to thrive.

Generally, increase in energy cost and raw materials and borrowing will lower revenue as production cost will soar and high interest eats deep into profit.

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