Economic Concepts and Models: Impact on Trampoline Business

BMP4003 Business Environment
Assessment 1 - Individual Presentation

Article Review - Economic Concepts And
Models
Name:
ID:

Contents
• Introduction
• Arguments using Micro economic concepts
• Demand and Supply
• Elasticity
• Conclusion
• References

INTRODUCTION
The word business environment is the group of two factors that is the internal and external.
The examples of such factors are customer's wants, suppliers, government rules, legal rules,
technological innovation, market and economic trends, employees etc. All these factors
affects the operational workings of the company. The above mentioned factors control the
conditions of a business enterprise. . In the following report, it is explained that how
demand and supply of the goods plays a vital role in uplifting the profitability in an
economy. This report also encompasses the effect of demand due to the rise in prices for
Trampoline.