BUS100 Professional Communication Skills

Added on - 08 Nov 2019

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Comparative Analysis
Table of ContentsIntroduction......................................................................................................................................3Interpretation and Analysis of Literature.........................................................................................4Comparison and Analysis of literature.........................................................................................4Conclusion.......................................................................................................................................6References........................................................................................................................................6
IntroductionThe mechanism of price, demand and revenue has always been one of the sought after topics ineconomics. Businesses invest a number of researches and spend substantial amount of money tounderstand the relationship between price, demand and revenue. In most cases a organisationsare focused on developing a strategy which would help them to understand to what extentrevenue and demand will increase if the price falls. Price elasticity is the concept of economicswith which the organisations could understand the change in demand with the little change inprice. Even though it is important for most of the organisations to understand the price elasticityand its relation with demand and supply it is still an important and complex subject to beunderstood by individuals. From the parlance of a neophyte it could be said that naturally if theprice of a firm drops it should increase demands and revenue but it might not happen always asthere are few other aspects which play a crucial role in the management of demand and supplyfor organisations (Besbes and Zeevi 2015). Hence the present study will take an opportunity toaddress this aspect whether the drop in price always increased demand and revenue or notthrough comparative analysis of the sources used in doing the previous assessment of annotatedbibliography.
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