- business leaders have two concerns about inflation: their own particular selling prices and costs, and the general trend for inflation.
- The general trend is important information in business strategy and also helps managers understand the direction that their particular prices are heading in.
- Economists prefer the economy to have low and steady inflation. One reason is the high and variable inflation requires business managers to spend valuable time and attention on inflation.
For further details see:
The Inflation Measures That Business Leaders Should Follow