With the help of a concrete example explain the macro environment of a business organization

Q: Give the meaning of business and explain its scope in brief

A: A business is defined as an occupation or trade that involves the buying and sale of goods or…

Q: Which statement best explains how human capital affects the manufacturing of a product? It affects…

A: The economic value of a worker's experience and talents is referred to as human capital. Employers…

Q: Why are institutions persistent and often unchanging according to Daron Acemoglu?

A: The provided question has been answered from Daron Acemoglu's theories on Institutitonal…

Q: Sirius XM acquired Pandora, was this about scope or scale economies? How does economies of scale and…

A: Sirius XM and Pandora are both broadcasting companies, they both stream music, provide a large…

Q: 7. A machine that cost $30 000 new has an &year life and a salvage value equal to 10% of its…

A: Given:- Cost of machine=$30,000Life=8 YearsSalvage value=10% of original costAnnual maintenance…

Q: In economics, what is the law of diminishing marginal returns? A. The tendency of firms to minimize…

A: The law of diminishing marginal returns is a key guideline in financial matters and assumes an…

Q: create 2 ideas if you were creating a topic idea  based off of the information below It must be a…

A: [Please note that this answer is written from a general perspective] Macroeconomics is a branch of…

Q: Why might a writer begin a research project with a research question? What role does it play in…

A: The economics as a study is associated with the use of resources which are scarce in nature in the…

Q: In what ways are “creative ideas” more/less important than technical ability?

A: Creative ideas are creation of internal working of minds which gives innovation and out of the box…