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Internal and External factors of business operation
External factors: A firm can't exercise any control over these factors. Thepolicies, plans and programmes of the firm must be formulated in the light of these factors. Significant external factors imposing on the decision-making process of a firm are economic system of the country, cycles, fluctuations in national production and nationalincome, industrial policy of government, trade and fiscal policy of government, licensing policy, taxation policy, trends in foreign trade of country, general industrial relation in country and so on.
Internal factors: These factors fall under the control of a firm. These factors are associated with business operation. Knowledge of these factors aids the management in taking sound business decisions.
The demand curve Suppose that starting from a condition of equilibrium, the price of X falls relative to Y. We now have a condition where the utility from the last shilling s
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Suppose market demand and supply are given by Qd = 100 – 2P and QS = 5 + 3P. If a price floor of $20 is set, what will be the size of the resulting surplus?
Demand for money The demand for money is a more difficult concept than the demand for goods and services. It refers to the desire to hold one's assets as money rather tha
what is monotonisty
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Classification of oligipoly
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Question: Discuss the pricing practices adopted by firms under different market structures. OR A firm produces a good, which is sold on delivery and in restaurants. The d
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