Business, Accounting, Economics??

2008-12-15 4:04 pm
What are the differences between business, accounting, and economics???

回答 (1)

2008-12-18 12:06 am
✔ 最佳答案
Actually they are interrelated with each other. Business involves business strategy (strategic objective) of the company in accordance with the competence of the firm: possession of special resources or advantages, PEST analysis and five factor models. Before the firm decides the strategic objective, the management needs to consider the external economic environment: recession or bloom? market structure: monopoly, obligopoly or monopolistic competition that will affect the firm behaviour. Also, the elasticities of consumers' demand on your products. Management would need to consider the cost accounting information: cost per unit, variance report, Cost-Profit-Volume analysis before making up its mind on the strategy.


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