Hi everyone, I am an aerospace engineering student and I have to take business studies, can someone help me??

Question

Hi can someone help me with this stupid business studies question I had??

Scenario: ABC is a UK subsidary of a Japanese company, as a managing director you want to ensure that your company is profitable, contributes to the UK Gross National profit, whilst ensuring that arrangement are in place for disposing of hazardous waste.

The actual silly question which I was clueless about: Describe how external factors and economic enviroment can have an effect on an engineering company. Describe how recession can affect an engineering company in the business of overhauling brake units for aircraft undercarriages. Outline some strategies which can be used to weather the influence of recession??

Please may someone help me with this question.
Thanks

Answer 1

A recession or down economy effects almost all businesses negatively when people spend less.

But if you make a product cheaper than anyone else, spending tends to focus more on that one product. The same happens in a different way when you make a more reliable product, or notably superior product.

So by advertising that increases the stature of your company or the trust of your company, could attract more buyers, especially in a time when people are focused more on quality or honesty. This would particularly apply to brake systems, where safety is the primary concern.

Answer 2

i'm uncertain what your life subject is yet whilst i grew to become into giving suggestion to somebody who had to make a living in astrophysics i could advise a minor in aerospace engineering. for persons who prefer to spend their life sitting around thinking approximately astrophysics it won't have any fee. yet for people who prefer or would be required to honestly _do_ astrophysics an expertise of the matters and suggestions in touch with paying for archives would be very efficient. some people will work together with professionals in lots of disciplines to layout experiments and projects to acquire the information. Others will artwork examining the information. Others will speculate on what the information skill. it style of feels like being powerful on the latter could be more suitable by way of passing some time doing the former. in case you basically prefer some based classes in astrophysics, then specific aerospace engineering is a waste of time. in case you prefer to function in astrophysics then a splash engineering could be an extremely stable concern. there is no longer something combating you from shifting directly to selection classes which you have ignored by way of your modern-day concentration. could an aerospace engineer who spent a pair of years taking English and liberal arts be deprived for having accomplished so till now going on to end his engineering analyze? no longer if he had to talk his efforts and benefit attractiveness for them. could a civil engineer who had to construct dams and so on. be helped if he had taken a pair of years of corporation administration or linguistics or....? You get the belief.

Answer 3

Try the Cliff Notes.