This article is about a monopoly. It describes characteristics of a monopoly market and explains how the equilibrium model evolves in monopolistic conditions.
Posts published in “Year: 2023”
A Strategic Manager is a professional who is responsible for developing and implementing the long-term plans of a business organization.
Strategy is important in business organizations of all sizes ranging from commercial for-profit-only businesses to social not-for-profit business organizations.
The world's best business books are those that provide timeless insights and advice that can be applied to any business, regardless of industry or size.
This article is about perfect competition. It describes characteristics of a perfectly competitive market and gives assumptions about perfect competition.
Operations Manager aims to produce goods and services of the required quality, in the required quantity, at the time needed and in the cost-effective way.
Operations management includes a far wider range of activities and refers to the management of all production process.
This article is about advertising agencies – what are they, where do they come from, reasons why businesses use them and benefits of using them.
My past and present experiences with business management are very diversified. I am a very unusual guy with ISTJ personality type.
Trade cycle are periods of expansion and contraction of economic activity. In advertising, businesses tend have higher promotion budgets during boom periods.
One of the most important decisions marketing managers need to make in order to promote successfully is to choose advertising media.
Advertising process – communication with the public a promotion message to transmit through an advertising medium – includes five steps.
Branding differentiates the brand name from the competitors’ brand names - distinguishing product offerings from the competition.
Above-The-Line Promotion (ATL) is paid-for promotional methods by independent mass media sources used to promote a business, brands or products.
This article describes size of firms. It explains why growth of firms is important and identifies basic methods of business growth - external and internal.
This article introduces the characteristics of production in the long run by explaining and visualizing how firms move to the long run production.