BMP4003 Business Environment: Article Review on Economic Models
VerifiedAdded on 2023/06/12
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Presentation
AI Summary
This presentation provides a review of an article focusing on economic concepts and their impact on the business environment, particularly in the context of Brexit and global trade. It highlights issues such as increasing shipping costs and the high demand for Chinese products, which strain existing shipping capacities. The presentation applies microeconomic theories, including demand and supply and market structure, to analyze these problems. The rise in shipping costs is attributed to increased demand and decreased supply, while market structure analysis differentiates business operations based on goods and services offered, reflecting the impact of micro and macro factors on business activities and profitability. The presentation concludes that increased demand, trade barriers, and political restrictions contribute to higher shipping and transportation costs, emphasizing the importance of understanding microeconomic concepts in navigating the complexities of the business environment. Desklib offers a wealth of resources, including solved assignments and past papers, to aid students in their academic pursuits.
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