Impact of Increase or Decrease in Prices on Business:- The idea behind this publication is to warn the reader about the application of ready-made pricing principles. It is necessary to think beyond the simple theoretical statements that work but in very specific conditions that we may be led to forget, especially the elasticity of demand in relation to price. Below this post is all about the impact of increase or decrease in prices on your business.
Economics - Business Study Notes
The economics / economy is a social science that studies the processes of extraction, production, exchange, distribution and consumption of goods and services . In a figurative sense, economics means rule and moderation of expenditure and saving.
The science of economics tries to explain the functioning of economics system and relations with economics agent (companies or individuals), reflecting on the problems and proposing solutions.
Thus the investigation of major economics problems and decision-making is based on four fundamental questions about production: What to produce ? When to produce ? How much to produce ? For whom to produce?
How to Improve Productivity: – Being productive means producing something, but also being profitable, bringing in money. When you’re productive, you manage your time efficiently to accomplish all the tasks of the day without stress and stress, while taking time for yourself.
Internal Exchange Rates Definition
In our globalized 21st century, large price disparities still survive within the same economy: domestic exchange rates. In this article we analyze what they are and how they affect us. In recent decades, the process of economic globalization that the world has experienced, especially in terms of the internationalization of production processes and the liberalization of the movement of people, capital and goods, has intensified the interdependence of national economies. However, there are still large differences in the cost of the same products from one country to another that cannot be explained exclusively by the different value of their currencies: these are internal exchange rates.
How to Grow Your Business ? When starting a business you should look for ways to reduce the initial investment, which is totally valid if you consider that the vast majority of entrepreneurs start with very limited resources and must manage them in a measured manner. Business Study Notes offers 11 ways to grow business. So instead of wasting your time in asking how to grow your business? move forward to read this 11 areas of investment.
Theories of Inflation or inflation theories That Prove Its Existence:- Inflation is already here. We commented a few days ago following the publication by the INE of the Consumer Price Index (CPI) for the month of December. This indicator corroborated the increase in prices of the last months and placed inflation at 1.6%, nine tenths more than in November.