Internal constraints of managerial effectiveness include culture and perspective. An external constraint of managerial effectiveness is government regulations that impact the business.
No, a budget constraint and a budget curve are not the same. The budget constraint refers to the limit on the consumption choices of an individual or household, representing the combinations of goods and services they can afford given their income and the prices of those goods. The budget curve, often referred to as the budget line, visually represents this constraint on a graph, showing all possible combinations of two goods that can be purchased within the budget. Essentially, the budget curve is a graphical representation of the budget constraint.
budget constraints
An external constraint is something outside a business that stops the business achieving it's aims and objectives. For example, changing consumer's tastes.
we have two sources of finance that is external internal fund loans from outside and internal generating from taxes.
internal external not internal external not
To determine your budget constraint effectively, calculate your total income and list all your expenses. Compare the two to see how much money you have left after covering your essential costs. This remaining amount is your budget constraint, showing how much you can afford to spend on non-essential items or savings.
its internal
The primary constraints are scope, time, quality and budget.
Is a salmon internal or external?
What is internal and external sources?
internal