Using examples, discuss how today’s markets and firms are different from the ones in 1800s.
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Using examples, discuss how today’s markets and firms are different from the ones in 1800s.
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- Market Structures: Why is it necessary for business firms to have knowledge on the Market Structures? In what ways will this knowledge be of help to business firms? Why is it advantageous to business firms?what are the requirements for markets to work efficiently?Describe the influences that affect the business climate and the difficulties that American firms will encounter in the future.
- Provide a detailed description of how firms choose their employment levels in the short run.Critically evaluate the importance of monitoring the external business environment and how your chosen organization manages the gap between the demands of the market and its ability to respond to the changes in the marketing environment.Contrast past and present business environments with regard to the following aspects: basis of competition, manufacturing processes and manufacturing technology, required labor skills, emphasis onquality, number of products, number of markets, types of cost management information needed, management organizational structure, and management focus