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Understanding Business Environment and Microeconomics Concepts

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Added on  2023-06-12

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This presentation discusses the various factors affecting the business environment, such as government policies, customers, suppliers, and cultural variables. It also explains microeconomics concepts like the law of demand, elasticity in demand, supply, and law of supply. The presentation concludes that the global market is impacted by specific elements like the cost of commodities and consumer earnings. Desklib provides access to solved assignments, essays, and dissertations on these topics.

Understanding Business Environment and Microeconomics Concepts

   Added on 2023-06-12

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Business environment
Understanding Business Environment and Microeconomics Concepts_1
Introduction
The environment of the business is the
addition of all external factors that have
directly effect on management's global
operations. The government, customers,
suppliers, and cultural variables are just a few
of the challenges. It is based on current
occurrences in the realm of economics.
Understanding Business Environment and Microeconomics Concepts_2
Issues with trampoline
According to the BBC news,
The delivery price is increasing via that the global
value of trampoline is increasing as well as it
is converting famed by the sport
activities wholesaler. One of the outer toy owner,
Owen express that it is excessive terms of
the variations in transportation price and port
congestion that may be soaring for
the huge dimension.
Understanding Business Environment and Microeconomics Concepts_3
Concepts in Microeconomics
Microeconomics is the concept that express
singular persons, family persons and enterprises
act in decision taking and share the resource. It is
using to implement in marketplaces of good and
service and deal with economic problems
Understanding Business Environment and Microeconomics Concepts_4

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