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Economic is important for every business apart from it is small or large.It gives the line, from which every business man want to grow. It states the growth of the company, helps in the marketing strategy. It rule out the demand of a product in the market.
Agustina Macejkovic
Wiki User
∙ 14y agoBusiness is what sustains an economy. Without an economy of any kind, there would be no wealth exchange. That is to say, in a sense, without business, You cannot buy goods or services of any kind, and must create anything that you use. Life may be manageable without the ability to gain or lose something you cannot create. But it would be much more difficult.
Wiki User
∙ 13y agoThe importance of studying business is to have a greater understanding of the dealings that exist between people around you. different professions hold different standards and with an understanding of what is norm/fair/ethical, you will have better success in life.
Wiki User
∙ 9y agoEconomics help business people see the bigger picture. With an understanding of economics, they can make better decisions about prices, demand and customer preferences.
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Why is the studying of entrepreneurship important?
when an entrepreneur had sucess in his business
What four environmental trends are most important in creating a business opportunity?
economic, social, political and technology
Why is demographer important for business?
Demography is important as it presents population data in a systematic manner. It also aids in framing of economic programmes that contribute to economic development helping to keep pace with the rate of growth of a population.
What is the economic importance of arthropods?
Crustaceans are used in aquaculture. They are becoming an industry in the marine business.
What are economic setting of business?
the economics setting of business
Why is the studying of entrepreneurship important?
when an entrepreneur had sucess in his business
What is the important of commercial geography for businessman?
A business-man can make their business more progressive when he studded the Economic and Commercial Geography, so its study is also very important for traders.
What four environmental trends are most important in creating a business opportunity?
economic, social, political and technology
Why is demographer important for business?
Demography is important as it presents population data in a systematic manner. It also aids in framing of economic programmes that contribute to economic development helping to keep pace with the rate of growth of a population.
What is the economic importance of arthropods?
Crustaceans are used in aquaculture. They are becoming an industry in the marine business.
What are economic setting of business?
the economics setting of business
What is contempory socio economic issues and impact on the business?
the impact of contemporary socio-economic issues on the business enviroment
What has the author Kathy Fogel written?
Kathy Fogel has written: 'Big business stability and economic growth' -- subject(s): Big business, Economic aspects, Economic aspects of Big business, International business enterprises, Mathematical models
What is economic standing in terms of business?
Economic standing refers to the amount of assets and finances that a business has. Economic standing may be good or bad depending on certain issues.
What was France's most important economic activity in North America in the 1600's?
The French established logging and fur trading in this area. It was a profitable business for many years for the French until the Louisiana Purchase.
Does domestic macro economic environment effect all business segment alike?
No, the domestic macro economic environment doesn't impact each business the same way. Since businesses have different business models, the results of the macro economic environment depends on the business.
How did Coolidge feel about governmental involvement in business and industry?
President Coolidge believed that governmental involvement should be as minimally regulated as possible. When he said, "The business of America is business," he meant that the economic activity was the most important aspect of American prosperity.
