Illustrates the environmental or external issues
Illustrates the environmental or external issues.
Expert
Environmental or external issues:
It considers the general business environment in that the firm operates. A study of economic environment must have:
1. The kinds of economic system within the country. 2. The general trend in income, employment, production, prices, investments and savings 3. Trends during the working of financial institutions as banks, insurance companies and financial corporations. 4. Magnitude and trends within foreign trade. 5. Trends in labour and capital market. 6. Government economic policies as: industrial policy, fiscal policy, monitory policies and price policy etc…
Illustrates the Importance of managerial economics?
Illustrates about the Barometric techniques?
Illustrates the characteristics of Oligopoly?
What is Demand Forecasting?
Formulate the Cross Elasticity of demand?
How is the Demand forecasting important?
Describe briefly Cost Volume-Profit relationship?
Differentiates between short run and long run costs?
The entire given can be used to calculate average profit except: w) marginal profit minus marginal cost. x) total profit divided by quantity. y) average revenue minus average total cost. z) price minus average total cost.
Explain the term business cycle in brief.
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