Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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How does General Systems Theory work in marketing and finance and how do the decisions affect each other?
Expert Solution
Step 1
General system theory
It explains the foundation and development of an organization. Under this theory, an organization is considered to be comprised of interrelated and inter-dependent parts. Each part represents a sub-system. In other words, an organization is a system, made up of different subsystems that interact with each other to run the overall system.
For example, marketing, production, accounting, finance etc. are different subsystems of an organization.
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