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Price elasticity importance to individual firm and government?
Price elasticity has a lot to do with how firms and governments can predict costs and profits. The greater the elasticity, the more uncertain their financial projections will be.
What is importance of opportunity cost to firms?
Opportunity cost is crucial for firms as it helps them evaluate the potential benefits of alternative choices when allocating resources. By understanding what they forgo when choosing one option over another, firms can make more informed decisions that maximize profitability and efficiency. This concept aids in assessing investments, production methods, and strategic planning, ensuring that resources are utilized in the most advantageous way. Ultimately, considering opportunity costs allows firms to enhance their competitiveness in the market.
Which represents the best long run opportunity in firms business portfolio?
Star
What is macroeconomic environment?
While microeconomics deal with the operations of individual firms and markets, macroeconomics examines how numerous markets interact with the government and each other in the regional, national, and sometimes international realms
In the actual economy goods and services are purchased by?
households and the government but not the firms.
Price elasticity importance to individual firm and government?
Price elasticity has a lot to do with how firms and governments can predict costs and profits. The greater the elasticity, the more uncertain their financial projections will be.
Importance of opportunity cost to individuals?
Importance of Opportunity cost to an individual are : 1. It influences the individuals household in decision making among his numerous wants. 2. It helps the individual to know how to maximise his satisfaction from his limited resources through drawing scale of preference. Importance of Opportunity Cost to Firms 1. It helps a firm to decide to use labour intensive instead of capital intensive method to achieve the highest output. Importance of Opportunity Cost to Government: 1. It enables the government to maximize the welfare of its citizen by choosing the right projects it should spend its scarce resources on.
Why Ghana i s a mixed factor of production?
because production of goods and services are done or own by both private and government firms or scarce resource are own by both private individual and government
What is the importance of competitors within firms?
it is to improve the competency of all firms in providing goods and services to the general public.
Which represents the best long run opportunity in firms business portfolio?
Star
Is the importance of financial managers to firms with large cash inflows greater than for firms with smaller cash flows?
true
What is the coverage of micro economics?
To do with individual consumers, markets and firms.
How some government policies can assist and others constrain the growth of small firms?
how government policies can assist or others constrain the growth of small firms in zimbabwe
Difference between Targeted attack and Target-of-opportunity Attack?
In targeted attacks, only specific IP or particular firms are targeted while in target of opportunity attacks, an attacker sends attack packets randomly to firms and see where those packets can cause of destruction.
What is macroeconomic environment?
While microeconomics deal with the operations of individual firms and markets, macroeconomics examines how numerous markets interact with the government and each other in the regional, national, and sometimes international realms
When external costs are generated by firms the government should?
stop
When considering outsourcing what should firms be sure to avoid?
giving the outsourcing partner the opportunity to become a stong competitor
