Microeconomics: Economic Concepts and Models - Desklib

BMP4003 Business Environment
Assessment 1 - Individual Presentation

Article Review - Economic Concepts And
Models
Name:
ID:

Contents
• Introduction
• Microeconomics
• Concept of Microeconomics
• Demand
• Supply
• Cost and Production
• Conclusion

INTRODUCTION
• Business environment refers to an internal and external factor of the
organisation and firms which affects the business.
• Both factors can work together for the growth of the company.
• James Owen wants to say that if the transportation cost increases as
well as the hauler cost then it will have a negative impact on the
trampoline prices.
• The price of toy will increase by 40-50% so he will have to charge high
from the customer. In that case, consumers will not prefer to pay a
heavy price for this. consumers