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
1 goals of the firm 1. EC2204- Economics of Enterprise 1: Goals of the Firm 2. Learning OutcomesUpon completing this section, you should be able to:â¢ Describe the four dimensions to the business environment (PEST).â¢ Illustrate and describe the decision-making process.â¢ Describe the objectives of the firm.â¢ Explain the shareholder wealth maximization model of the firm.â¢ Differentiate between the various theories of profit.â¢ ...