Financial and Economics Literacy for Managers

Added on - 03 Jun 2020

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Financial and economics literacy formanagers
Table of ContentsTASK 1............................................................................................................................................2Question 1........................................................................................................................................2Introduction.................................................................................................................................2Business economics concepts of the market structure:...............................................................2Conclusion...................................................................................................................................4TASK 2............................................................................................................................................42. Concept of demand and supply and monetary policy of Bank of England...........................4INRODUCTION.........................................................................................................................4CONCLUSION...........................................................................................................................5TASK 3............................................................................................................................................53. Key macro-economic indicators.............................................................................................5INTRODUCTION.......................................................................................................................5CONCLUSION...........................................................................................................................8TASK 4............................................................................................................................................14. Application of the concepts of leverage and current asset management.................................1INTRODUCTION.......................................................................................................................1CONCLUSION...........................................................................................................................2TASK 5............................................................................................................................................3Question 5........................................................................................................................................3a)..................................................................................................................................................3b).................................................................................................................................................3REFERENCES................................................................................................................................51
TASK 1Question 1IntroductionEconomy is the wider concept which contains almost all the tools which can know aboutthe overall situations of the country. UK economy is at the peak load and everyone is strivinghard to gain the sustainability in an effective manner. Although, this can be rightly said that theorganisation must have to consider all the business environment in an effective manner. Thisquestion contains the business economic concepts of the market structure, small and mediumenterprises and growth strategies to the UK domestic to a UK local high street outlet (Lusardiand Mitchell, 2014).Business economics concepts of the market structure:Market structure is the main which ultimately refers to the whole market whereorganisation is totally relied their working activities. However, this can simply said that themarket covers various functions such as firm or competitive, that could explain thecharacteristics of the competition and also the pricing policies that could be allowed in themarket. Therefore, market structure said to the one that could render most akin goods andservices in the market and whose layout is determined on the basis of the competition which hasplayed an efficient role in the market layout.Market refers to the place where almost all buyers and the sellers complete the selling andbuying of the product in that market. Market simply means that the place where buyers and thesales have defined various market hereunder:Monopolistic competition: According to Monopolistic competition, where high numberof sellers are there which offers diverse kinds of products that are most akin to each other. On theother way, more producer's manufactured the same goods.Basic characteristics of Monopolistic market:Product differentiation: Under this market, here the sellers sale the products which arenot identical to each other.Large Number of organisation: There are almost many firms which operates under thismonopolistic competition. That is why, market is become so intense.2
Free entry and exist: In this competitive strong among the organisations, organisation iscovering loss that could move out to industry at the time it forecasted. In this similar way,advanced organisation can enter into the industry in a most free manner which has provided withthis unique features of the industry at the time it wants. In the same way, new organisation canenter into the industry in an easy way.Perfect Competition:This is the market structure where huge buyers and sellers areimplemented and whole are committed in buying and selling of the most akin goods during thesingle price which are prevailing in the market. On the other hand, perfect competition also to asa intense competition, which exists during the time where there is a no direct rivals and betweenthe competition between the rivals and whole firms sell identify the most akin goods at the timeof single price.Oligopoly Market: Under this market, this is rightly said that here, only few sellers salethe products which are most akin to each other. On the other way, Oligopoly market layout liesbetween monopoly and monopolistic rivals. Where few of the sellers demonstrates the marketand have strong control over price of the products (Lusardi and Mitchell, 2011).Monopoly Market: This is the market layout that demonstrated by the single seller,selling an unique good along with limiting for advance firm to enter the market. Basically,monopoly is a kind of market where there is the only one seller which sell the offers of a mostspecific goods and there is no substitutes.Small and Medium enterprises:These kinds of enterprises highly contributes foreconomy for enhancing their GDP. As, this can be said that there are specific contributionemerge from the specific manner. SME's are the most effectively tool as the average, they mostlycovers almost 95% of the company and this likewise employed 65-70% of the total labour force.Apart from that, SMEs are the drivers of the economic emergence and innovation. Further,SMEs are driver of the economic emergence growth and innovation that could assist the firm forgrow business in an efficiently. During UK economy, SMEs plays a vast role for contributingannual return efficiently.Multinational organisations: These are diverse firms that have their operations aroundthe globe that normally refers to have strong positions for operating business efficiently.Although, this is rightly said that organisation requires to form specific tools that could be3
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