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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 BALANCING ITEM Since for ever position entry in the current and capital accounts there is a corresponding negative entry in the monetary account, and for every negative en
Using the relationship among the price of a visit to a physiotherapist and the quantity of visits demanded, explain and distinguish between the direction, the slope, and the positi
A study of 86 savings and loan associations in six northwestern states yielded the following cost function. I''ve been given the following data; C=2.38- .006153Q1 + .000005359Q2 +
what is demand estimation
What do you mean by the fiscal policy? What are the instruments of fiscal policy? Briefly comment on India's fiscal policy.
Q. Illustrate about Pecuniary economies? Pecuniary economies (which is monetary economies) are those economies accrued by the firm from paying lower prices for the factors used
WASTE IN IMPERFECT COMPETITION Monopolistic competition involves some degree of waste in two aspects. When new firms enter the industry and the demand for the individual fi
assumptions and limitations
Discuss whether Indian Consumer goods industry is growing at the cost of future Profitability.
Average Propensity to save The Average Propensity to Save [APS] is defined as the fraction of aggregate national income which is devoted to savings. Thus if S denotes savin
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