Any business organization has one goal, to maximize profit. The puzzle out of maximizing profit is simple. Analyze demand of consumers, and provide let supply, in good quality and quantity. There atomic number 18 until now many factors that mint this simple operation. These factors are often categorize as macro and micro, internal and external, technical and non-technical. All the homogeneous, the sales, doing and procurement of the business organizations, directly or indirectly depends on these factors. Hence, you will find that businessmen, closely analyze and ponder upon the frugal factors bear upon business firms. Economic Factors Affecting Business The following condition is a sm wholly elaboration of the major economic factors affecting business organizations. Internal milieu, operational environment and external environment are 3 major classes of such factors. The following tilt is however a comprehensive and integrated list of all possible economic factors that affect the working of business organizations. pack and Supply The demand and supply are two principal factors that affect the working of any business model. The demand is the will and index of consumers to purchase a particular commodity and the supply is the capability of the business to provide for the demand of consumers.
It must be notable that all the factors that are included in this list are inter-connected. You may also read demand and supply analysis. bare(a) and Total Utility Utility is the amount of satisfaction, that is derived by consumers from use of goods. It so happens that after continuous and successive consumption of units of the same goods, the satisfaction that is experienced by consumer starts decreasing. This often results into short marches or long term fall of sales. Some organizations modernize for the launch of another brand before the fall in utility and sales is experienced. The launch of new brand, ensures that the revenue trim down of the business does not fall.... If you want to get a adept essay, order it on our website:
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