Internal and External Growth in Business
1. Introduction
There are two distinct yet compatible concepts we will define: aspects of a company and mergers. While some growth affects both the system and the company, this is not always the case.
Previously, we discussed two types of growth:
- Expansion of activities in traditional markets and products into new markets.
- Diversification, which can be vertical, horizontal, concentric, or conglomerate. Note that vertical and horizontal diversification are related, while concentric and conglomerate diversification
Pricing Strategies in Marketing: A Comprehensive Guide
Elasticity and Price in Marketing
Understanding Elasticity
Elasticity refers to the change in quantity demanded for a product when its price changes. This demand-price relationship is often negative, meaning that higher prices typically lead to lower demand. If the percentage change in quantity demanded is greater than the percentage change in price, demand is considered elastic. Conversely, if the percentage change in demand is less than the percentage change in price, demand is inelastic.
The Role
Read MoreChile’s Environmental Policy & Sustainable Development
Chile’s Environmental Policy and Sustainable Development
Historical Context
Chilean economic development has historically relied on natural resources, both renewable and nonrenewable. Copper mining remains a cornerstone of this development, alongside forestry, food processing, tourism, and services. However, this reliance has led to environmental challenges, including:
- Atmospheric pollution
- High rates of water pollution
- Inadequate urban growth management and solid waste disposal
- Soil erosion and degradation
- Poor
Product Management and Marketing Strategies
Product Classification
Tangibility
Durable Goods
These are tangible products that typically survive multiple uses, such as refrigerators, televisions, and clothing.
Non-Durable Goods
These are tangible products that are generally consumed in one or a few uses, like soap, beer, and salt.
Consumption
Consumer Goods
These are products purchased by end consumers for their personal use, categorized based on consumer buying habits.
Services
These are activities, benefits, or satisfactions offered for sale, such
Read MoreThe Evolution of EU Social, Employment, and Economic Growth Policies: A Critical Analysis of the Lisbon Strategy
The Evolution of EU Social, Employment, and Economic Growth Policies
The Lisbon Strategy: A Decade of Ambition and Disappointment
Employment was at the heart of a special European Council meeting held in Lisbon in March 2000. This summit set a ten-year strategic goal for the Union: “to become the most competitive and dynamic knowledge-based economy in the world, capable of sustaining economic growth with more and better jobs and greater social cohesion.”
Specific goals included raising the employment
Read MorePublic Spending and Budget Execution in Public Administration
1. S the financial outlay of the various public administrations in order to meet social needs, with the restrictions contained in the budget.
Therefore, public spending is based on the use of monetary resources is carried out by public administration and its target is determined in the public interest, the satisfaction of the general interest.
2. It is generally understood as the whole revenue monetary funds received by various government in taxes, fees, contributions, income from capital, etc.