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Microeconomics Concepts and Trampoline's Profit Issues

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Added on  2023-06-12

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This presentation discusses the impact of the business environment on trampoline's profitability. It covers microeconomics concepts such as demand, supply, elasticity, and factors affecting them in the context of trampoline's profit issues. The presentation also provides insights into the factors affecting trampoline's supply and profitability. The subject is Business and the course code is BMP4003. The presentation is relevant for students studying microeconomics, business, and related fields.

Microeconomics Concepts and Trampoline's Profit Issues

   Added on 2023-06-12

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BUSINESS
ENVIRONMENT
Microeconomics Concepts and Trampoline's Profit Issues_1
CONTENTS
INTRODUCTION
Trampoline's profit Issues
Concepts in Microeconomics
Demand
Factors affecting demand for trampoline
Elasticity in Demand
Supply
Factors affecting supply of the specific good
Change in Supply Curve
CONCLUSION
REFERENCES
Microeconomics Concepts and Trampoline's Profit Issues_2
INTRODUCTION
The term "business environment" refers to
the whole of all elements that are external
to businesses and have an influence on
their overall operation (Kreps, 2019).
Competitors, the government, consumers,
suppliers, as well as cultural, legal, and
technical factors are all factors to consider.
Microeconomics Concepts and Trampoline's Profit Issues_3
Trampoline's profit Issues
According to BBC News, shipping costs are
growing, which is causing the entire cost of a
trampoline to rise. This is something that one of
the game retailers is aware of. According to Owen,
an outdoor toy owner, there has been a major rise
in shipping costs, and port congestion can be high
for large-scale toys such as climbing frames and
trampolines, which are getting more expensive,
preventing consumers from purchasing
trampolines.
Microeconomics Concepts and Trampoline's Profit Issues_4

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