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Business Environment: Microeconomics, Demand and Supply

   

Added on  2023-06-11

15 Pages540 Words103 Views
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Business Environment
Business Environment: Microeconomics, Demand and Supply_1

Table of content• Introduction
• Trampoline profit issues
• Concept of microeconomics
• DEMAND
• Law of demand
• Factors which does affect the demand
• Elasticity in demand
• Supply
• Law of supply
• Factors affecting supply
• Change in supply
• Conclusion
• References
Business Environment: Microeconomics, Demand and Supply_2

INTRODUCTION
Business environment refers to the study of all
external and internal elements that assist
company management and have a significant
impact on management's international
operations. There are a variety of competitors,
including the government, consumers, suppliers,
and some conventional characteristics.
Business Environment: Microeconomics, Demand and Supply_3

Trampoline's profit Issues
This was stated in a recent storey in a well-
known newspaper about the frequent changes in
the cost and price of the trampoline, and the
reason for the high pricing of the trampoline is
due to the high shipping costs, as analysed by
retailers who deal in the UK market.
Business Environment: Microeconomics, Demand and Supply_4

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