Elasticity of Supply Definition and Ways to Calculate it:- Given an increase in the price of a product (or service), the suppliers usually react by increasing the quantity offered. Similarly, in the face of a decrease in the price of a product, the producers of the product usually react by decreasing the quantity offered. In case of some products, the reaction may be large, in other cases small. How to measure whether these variations are large or small?
Archives for January 2017
The Elasticity of Demand | Definition & Formula:- There are some goods whose demand is very sensitive to the price, small variations in its price because large variations in quantity demanded. They are said to have elastic demand. Goods that, on the other hand, are not sensitive to price are those of inelastic or rigid demand. In these can produce great variations in the prices without the consumers vary the quantities that demand? The intermediate case is called unitary elasticity.
Price Elasticity of Demand and Supply
The concept of elasticity measures the amplitude of the variation of a variable when it varies another variable on which it depends.
The Economic Security of Online Companies:- My objective with this article is to reflect on the strategies of online companies, and the economic security factors that must be treated and studied before the execution of any operative action.
Innovation through Corporate Entrepreneurship Strategies:- Innovation has never ceased to be a necessity for businesses since innovation is key in the search for new competitive advantages that allow companies to not only survive in the market, but lead a large promising company.
Entrepreneurship Ecosystem:- 2016 has been ended, I worked harder than ever with Startups of all sectors, technology, knowledge and maturity stage, and have concluded a set of ideas that I hope will be of value to all those you start a business project in 2017, And which I will detail in the following points:
Strategic Marketing Functions and Examples:- Marketing is made up of two totally different but undoubtedly complementary aspects.On the one hand, we have a part focused on the medium and long term, such as strategic marketing ; and on the other hand we have a tactical part focused on the short term and create marketing actions, which is the operational marketing.
Small Business Growth Strategies for Entrepreneurs:- When a business succeeds, it is likely to seek growth. Some theorists have pointed out that there are only four growth possibilities, which consist of product development, market development, penetration or diversification. In practice, however, more complex and diverse possibilities have been realized.
Theory of Consumer Behavior:- The field of psychology includes a multitude of theoretical approaches to study human behavior. What facilitates the marketing; understand the behavior of people as seen in the following theories:
The law of diminishing marginal utility is one that occurs as a result of the declining value of an asset in comparison with other assets as it incorporates a new unit of that good and is known by the name of marginal utility.