0
G
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How does economics relate to business?
A basic understanding of Economics plays a fundamental role in achieving success in Business.
What is objective in business?
A business' objective is to make money. They are in business to make money for their stockholders. They sell products and services to maximize their profits.
What is the role of business in economy?
Business keeps the money flowing. When somebody spends something at a business, the people working there have extra money to spend on something else, which gives the people at another business extra money to spend...etc. When theft occurs, people start saving money, or don't have extra money to spend, the economy slows down.
Why are costs profit and revenue important?
Revenue is important because it is the money that comes into the business and the business will be able to use it on any possible equipment or resources that are needed. Profit is important because it is the money the business has after deducting all the costs. The business will be able to spend this money on any equipment or resources that are needed. Costs is important because it helps the business see how much money this business will have after payng for all the costs.
How business affect economy?
money
How do trees relate to money?
it don't relate to money you just get money when you cut trees down
How do you relate SCMH with money?
SCMH and money are friends.
What is the business money?
Money that you get from your business, is called business money.
How does the customer invoicing relate to the accounts receivable?
Customer invoices relate to the business as Recievables or income
What are the subjects that relate to a paediatrician?
business and some others
How does economics relate to business?
A basic understanding of Economics plays a fundamental role in achieving success in Business.
Who proposes bills that relate to spending money?
the president
What term refers to the use of money?
Generally speaking a few words relate to the use of money, but not necessarily cash exchanges. The terms of commerce, payments, loans, and buying all relate to the use of money and or currencies.
Do business schools have competitive priorities?
Yes. There are four main priorities that relate not only to business schools, but any successful business. They include: Cost, Quality, Flexibility, and and delivery time importance. You should distinguish the four by specifically describing how they relate to the schools business techniques, not teaching techniques.
What is the importance of information to a business organization?
Information is incredibly important to a business organization. To compete with other businesses, sell a product and make a profit, a business needs detailed information about assets, cash flow, consumer markets, payrolls, and many other business related subjects. All of these subjects relate back to making money for the business, and better information allows the business to make better decisions.
How does business transaction relate to the accounting process?
Simply in general terms, the Accounting process is all about Money. And transactions are some kind of statements about transfering money. And accouting deals with these statements to make a final decisions. That's why the transactions are related to accouting processs
How does business transaction relate to accounting process?
Simply in general terms, the Accounting process is all about Money. And transactions are some kind of statements about transfering money. And accouting deals with these statements to make a final decisions. That's why the transactions are related to accouting processs
