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Traditional economic powers like France, USA or the UK are becoming less and less dominant in an evermore competitive internatinal economic arena.
The BRIC countries (Brazil, Russia, Indi...
The Average Rate of Return or ARR is one of three types of investment appraisal that are often asked in the form of a 10 mark question. A question that involves these calculations are often very badly ...
Price Elasticity of Demand refers to an economic measure which evaluates the change in price of a good against its respective change in demand.
In simple terms:
If the price of a good rises ...
Business Studies helps you to make more informed decisions in the everyday business of living. It also gives you a better understanding of the World of Works.
The Ansoff Matrix is corporate growth strategy model. It is composed of a grid with four sections. Market penetration, Product development, Market development and Diversification.Market Penetration is whe...
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