Microeconomics- Business Decision making

Microeconomics- Business Decision making a)Explain the role of microeconomics in business decision making. Ans) The role of microeconomics in business decision making can be explained as under: 1) Optimal resource utilization: The productive resources are scarce in the economy and microeconomics tells how the productive resources are allocated in the production of various goods and […]

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Elasticity

Very short questions of Elasticity Define elasticity of demand. Ans) The elasticity of demand is the measure of responsiveness of demand for a commodity to the change in any of its determinants like price of the same commodity,price of the related commodity,income of the consumer,etc. What are the types of elasticity of demand? Ans)There are […]

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Demand

Demand ,Determinants of Demand Demand: The quantity of goods and services that consumer are willing and able to purchase in the market at various prices during a period of time is called demand. Determinants of Demand(Factors affecting demand): The various factors that affects demand of a commmodity are as follows: a. Price of a commodity: […]

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King John and the Abbot of Canterbury-Four levels

King John and the Abbot of Canterbury Four levels for-BBA,BBA-BI,BBA-TT,BCIS Literal Comprehension: ‘King John and the Abbot of Canterbury’ is a poetic story(poem that tells story) written by unknown writer before 1695 so it is called Anonymous poem.The two central characters and they are King John and the Abbot of Canterbury.The king is infamous for his […]

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To know a fly-Four levels

To know a fly Four Levels of Interaction By Vincent G.Dethier For: BBA,BBA-BI,BBA-TT,BCIS Literal Comprehension: ‘To Know A Fly’ is an essay based on scientific experiment written by Vincent Gaston Dethier.He was (1915 – 1993) ,an American psychologist and entomologist.He was a pioneer in the study of insect-plant interactions.It has presented the view that every scientific experiment is to […]

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