Operation of business environment-turbulent and competitive
What are the main reasons that the operation of business environment has become ever more turbulent and competitive?
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There are many reasons which have been recognized to explain such changes which are as follows:
a) Rising sophistication of customers.b) Development of a worldwide economy where national frontiers become less significant.c) Rapid modification in technology.d) The de-regulation of domestic markets (for illustration: electricity, water and gas).e) Rising volatility of the financial markets.
Product: Any traceable, discrete, or measurable good or service given to a customer. Frequently goods are termed to as tangible products, and services are termed to as intangible products. A good or service is the product result of a procedure resulta
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Cost or Benefit Analysis: The Cost-benefit analysis (abbreviated as CBA) is an analytical device for assessing and pros and cons of moving forward with the business proposal. It is a process by which business decis
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Cost Accounting: The Cost accounting is an approach to evaluate the overall costs which are related with conducting business. It is generally based on standard accounting practices, cost accounting is one of the tools which managers u
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