MGT501 MIDTERM PAST PAPERS
BOUNDARIES AND ENVIRONMENTS All organizations, no matter what their size, area, or mission, work inside a bigger outside climate. Outer climate: Everything outside an association’s limits that could influence it. a. Hierarchical Boundaries: that what isolates the association from its climate.
Today limits are turning out to be progressively confounded and difficult to nail down. Various Environments: incorporate monetary circumstances, innovation, politicallegal contemplations, social issues, the worldwide climate, issues of moral also, social obligation, the business climate itself, and various other arising difficulties and open doors.
THE ECONOMIC ENVIRONMENT Monetary climate Conditions of the financial framework in which an association works. c. Monetary Growth .Total Output and Standard of Living. Business cycle-Pattern of present moment high points and low points (developments and constrictions) in an economy .
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Total result Total amount of labor and products delivered by a monetary framework during a given period Way of life Total amount and nature of products and administrations that a country’s residents can buy with the cash utilized in their financial framework GDP Total national output (GDP). MGT501 MIDTERM PAST PAPERS
Total worth of generally labor and products delivered inside a given period by a public economy through homegrown variables of creationGross public item (GNP). MGT501 MIDTERM PAST PAPERS
Total worth of generally labor and products created by a public economy inside a given period paying little heed to where the elements of creation are found Genuine Growth Rate-the development pace of GDP adapted to expansion and changes in the worth of the nation’s money.
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