Forces Affecting Organization-Environment relationships | Principles Of Management

Forces Affecting Organization-Environment relationships The major forces that affect Organization-Environment relationships are as follows:     Economic Environment : The economic  environment of business is largely determined by the economic system of the country .A number of economic factors such as economic planning and control,national income ,industrial policies,monetary and fiscal policies,investments,savings,inflation,and international economic activities reflect

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Keeping Errors At Bay

Keeping Errors At Bay-Four Levels Literal Comprehension: This essay is written by Betrand Russell which provides multiple examples of mistake that people generally commit in their day to day life. His main idea is to provide suggestions to avoid the mistakes. We need careful, serious, critical and analytical mind to get rid of these errors.

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The Burden of Skepticism

The Burden of Skepticism-Four Levels   Literal Comprehension:Skepticism is found in every day life. If we have to buy a used car we examining it even if we do not have any ideas about the car. If we buy it without examining, we know that we may have to be sorry for it. In some

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Microeconomics- Business Decision making

Microeconomics- Business Decision making a)Explain the role of microeconomics in business decision making. Ans) The role of microeconomics in business decision making can be explained as under: 1) Optimal resource utilization: The productive resources are scarce in the economy and microeconomics tells how the productive resources are allocated in the production of various goods and

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Cardinal Utility Approach

Cardinal Utility Approach Very Short Questions Define utility. Ans) Utility is defined as the wants satisfying capacity of a commodity .In other words,it is the satisfaction obtained from the consumption of commodity. What do you mean by cardinal utility approach? Ans) Cardinal Utility approach is the method of analyzing utility which believes that utility is

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Elasticity

Very short questions of Elasticity Define elasticity of demand. Ans) The elasticity of demand is the measure of responsiveness of demand for a commodity to the change in any of its determinants like price of the same commodity,price of the related commodity,income of the consumer,etc. What are the types of elasticity of demand? Ans)There are

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Demand and Supply

Very short questions,Demand and Supply What do you mean by demand? Ans) Demand means the quantity of goods and services which consumers would buy in a market at a given time and price.In order to change desire into demand ,it is essential that the consumer should have both willingness and ability to pay. Define Demand

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Introduction to Microeconomics

Some very short questions of Introduction to Microeconomics 1)Define an economic theory. Ans) An economic theory is defined as a model along with the specified and empirical economic variables, concepts and facts used to explain and predict the changes. 2).List out the elements of well defined economic theory. Ans)  The elements of well defined economic

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Adventures In English Vol II

Adventures In English Vol II ,Four levels Unit One: The Environment How Sane Are We? Don’t Cut Down the Trees Brother Woodcutter Unit Two: Natural Science To Know a Fly Unit Three: Humor and Satire King John and the Abbot of Canterbury Third Thoughts Who was to Blame? The Clock Tower

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