The Purpose of Business It has become apparent that the accepted view of the role of corporations in society is evolving, and necessarily so. This is especially true after the recent corporate scandals in the USA involving multinational companies whose names have become commonplace in discussions ...
Karibu ! That is a word that many a visitor will hear as soon as they arrive in Kenya. Kenya, the land of great sceneric beauty and friendly people, lies in the eastern part of Africa. It borders Ethiopia, Uganda, Sudan, Somalia and Tanzania. It also borders the Indian ocean and Lake Victoria. ...
ï»Â¿1) Define the term price elasticity of demand and describe the three (3) price elasticity ranges. Describe the relationship between the price elasticity of demand and total revenues of a firm. Provide at least one example of an actual product or service as a reference point in your answer.  Microeconomics is the study of a section of the economy rather than the economy as a whole (which is macroeconomics).Microeconomics is more concerned with the allocation of scarce resources and the elasticity of consumers and producers at the level of households and firms.       Â...
Task 1 Different Types of Organizations and the Purpose 1.1 Purpose of organization Before we learn about the types of organizations, we need to learn the basic purpose of setting organizations. The main purpose of organization is to provide a pathway to their business setup and to set the main objective for their business. Organizations help in making profit in a standard way. The different purpose of organizations helps in building the structure of company. Different Types of Organizations There are three types of organizations in business field. ...
