These are estimated lower and upper costs of living in Edinburgh. The cost of living can vary greatly depending on your lifestyle, budget and spending habits. These costs are broken down by month. You can calculate your estimated budget based on how long you will be in Edinburgh. These costs do not include tuition fees.
3. Briefly describe the task environment and its four primary sectors. ANSWER: The task environment is the portion of the external environment that directly influences the organization's operations and performance. The task environment is made up of customers, competitors, suppliers, and the labor market. These sectors typically conduct day-to-day transactions with the organization. Level: 2 Page: 88-89
The spectrum of business enterprise ranges from perfectly competitive firms to monopoly. Between these two extremes lies the business landscape in which the vast majority of firms actually operate. Imperfect competition is a market structure with more than one firm in an industry in which at least one firm is a price setter. An imperfectly competitive firm has some monopoly power. This power depends on product differentiation that leads to a downward sloping demand curve, or it may result from the interaction of rival firms in an industry with only a few firms.