This blog provides an overview of the key ingredients for business success, how businesses are organised, how they communicate, the characteristics of the environment in which they operate, and how this shapes them and their activities. You will also look at the importance of innovation and enterprise to the success and survival of businesses, with the associated risks and benefits.
Impact on pricing and output decisions in different market structures. Reponses by business to pricing and output decisions of competitors in different market structures.
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