--%>

Operation of business environment-turbulent and competitive

What are the main reasons that the operation of business environment has become ever more turbulent and competitive?

E

Expert

Verified

There are many reasons which have been recognized to explain such changes which are as follows:

a) Rising sophistication of customers.
b) Development of a worldwide economy where national frontiers become less significant.
c) Rapid modification in technology.
d) The de-regulation of domestic markets (for illustration: electricity, water and gas).
e) Rising volatility of the financial markets.

   Related Questions in Managerial Accounting

  • Q : Define Profit or Loss Analysis Profit

    Profit or Loss (P&L) Analysis: A financial statement which summarizes the revenues, costs and expenses acquired during a particular period of time - in general a fiscal quarter or year. Such records give information which exhibits the capability o

  • Q : Cash flows from operating activities A

    A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities

  • Q : Cash flows from operating activities

    The first section of the statement of cash-flow. Cash flows from operating activities include transactions (involving cash) that relate to the normal busi- ness activities of the entity. Cash-flows in this section usually involve cash and other current asset or curren

  • Q : Number of Partners in Partnership What

    What is the maximum and minimum number of partners in each and every type of partnership? Answer: There must be at least two persons to build a Partnership. The maxi

  • Q : Market Analysis and Logic 1.

      1. Contribution After Marketing Assume that the sales forecast for brand TOJO is 160,000 units, and that you expect to sell 50% of these units through mass merchandisers,

  • Q : Define Indirect Cost Indirect Cost : A

    Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.

  • Q : Industry and your accounting place How

    How have you observed the regulations which affect both your industry and your accounting place?

  • Q : Assigning Support cost What are various

    What are various methods to assign support cost?

  • Q : Define Activity Activity : The real

    Activity: The real work task or step executed in generating and delivering products and services. The aggregation of actions executed within an organization which is helpful for the purpose of activity-based costing.

  • Q : Why wealth creation is a longer-term

    Write a short note on why wealth creation is a longer-term concept?