Please enable JavaScript.
Coggle requires JavaScript to display documents.
((Key cocepts, Scarcity – is the economic problem of having unlimited…
-
Scarcity – is the economic problem of having unlimited wants but there is limited resources available.
Resources are divided into four groups – land, labour, capital, enterpretership
Making choices - Financial choices, Business choices, Employment choices, legal disitions
Specialisation and trade – refers to a way an individual business or entire country can focus on the production on a particular good or service.
-
Economic performance and living standards – economics measures how well an economy is doing using a wide variety of methods.
-
-
-
Aus Changing Trade Over Time
Over the past five years, import growth has averaged 4.7 per cent per annum in value terms (6.0 per cent in volume terms). Over the past fifty years, the main source of Australia's merchandise imports8 has transitioned from Europe and North America to Asia.
supply chain
the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user
Aus Changing Trade Over Time
Over the past five years, import growth has averaged 4.7 per cent per annum in value terms (6.0 per cent in volume terms). Over the past fifty years, the main source of Australia's merchandise imports8 has transitioned from Europe and North America to Asia.
marketing strategy
A marketing strategy refers to a business's overall game plan for reaching prospective consumers and turning them into customers of their products or services. A marketing strategy contains the company's value proposition, key brand messaging, data on target customer demographics, and other high-level elements.
-
Financial risk is the possibility of losing money on an investment or business venture. Some more common and distinct financial risks include credit risk, liquidity risk, and operational risk. Financial risk is a type of danger that can result in the loss of capital to interested parties.
-
-
-
Competitive advantage
Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. These factors allow the productive entity to generate more sales or superior margins compared to its market rival
marketing strategy
A marketing strategy refers to a business's overall game plan for reaching prospective consumers and turning them into customers of their products or services. A marketing strategy contains the company's value proposition, key brand messaging, data on target customer demographics, and other high-level elements.
-
-
-
