This essential addition to the acclaimed Portable MBA Series contains an important group of concepts and skills in order to understand the business environment along with a framework for making business decisions. Demonstrates how to assess economic news and apply this information to business forecasting and such problems as pricing product and whether to initiate a marketing campaign. Features an economic tool kit which explains economic indicators, the Federal Reserve's role, foreign trade...
This essential addition to the acclaimed Portable MBA Series contains an important group of concepts and skills in order to understand the business environment along with a framework for making business decisions. Demonstrates how to assess economic news and apply this information to business forecasting and such problems as pricing product and whether to initiate a marketing campaign. Features an economic tool kit which explains economic indicators, the Federal Reserve's role, foreign trade and exchange rates, how to analyze demand for a product and pricing cost benefit evaluation. Includes numerous examples and case studies.
1Business and Economics1Pt. 1Macroeconomics52Measuring Economic Activity: How to Understand and Use Economic Indicators73The Business Cycle: Aggregate Demand and Its Components354Producing Goods and Services: Aggregate Supply - Labor, Capital, and Output595Inflation and Unemployment756Economic Lubricants: Money, Credit, and Interest Rates937A Borderless World: The International Economy123Pt. 2Microeconomics1418Understanding the Market Process: The Basic Elements of Supply and Demand1439Consumer Response: Analyzing Market Demand16310Producer Response: Analyzing Cost17811Putting It All Together: Revenue, Costs, Price, and Profit209Appendix239Glossary263Notes273Index277