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Classification of Business Environmental Forces
1. LE PEST C Model: Logical Forces: Government domestic and international rules and regulation. Ecological: Ecological concern e...
Inflation
Inflation may be defined as a persistent increase in price overtime. In other words the rate of inflation is measure by changes in the purch...
Types of Economy
Common Economy: In a common economy the question of allocative resource are answer by the state. The state decide decision the volume of re...
Reasons of International Trade
1. On driving course of international trade is natural benefit between two countries. 2. Variations in the cost of production constitute i...
Structural analysis of competitive forces
Porter argues that “understanding industry structure must be the starting point for strategic analysis”. The collective strength of 5 pro...
The Circular flow of income
The circular flow of income is a neo classical economic theory model depicting how money flow through the economy. In the simplest version t...
Types of Collusion
Explicit: It usually referred to as a cartel, price are fixed and output or sale are allocated to each member for the cartel. Example: Organ...
Structural Changes in major economics
By structural change we mean how the variance sectors in an economy have changed, it gives some broad definitions of these sectors. Primar...
International Trade
In simple sense international trade means the exchange of goods and services approach the international borders. In broad sense, internati...
concept of Business Environment
Wilson 3 conceptions of business environment: Objective: Clear, measurable and definable Subjective: Its characteristics being depende...
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