B Com Part 1 Economics In Business Past Papers Explained 2009 to 2021 Latest Download in PDF
The subject of Business History is so vast, covering so much ground, it would be impossible to cover it adequately in a single article – or even a B.com Economics in Business Past Papers article! Instead, we will focus on the topic of one of the most popular and most extensive economic topics of all time. To aid you, below is a list of eight (8) most important insights into this subject from the history of business:
The firm has a “marketing function” – As mentioned above, firms must compete with other firms for new customers. One of the ways that firms’ market to new customers is through marketing. There are many different marketing strategies. Marketing can be done by using advertising, word of mouth, or even physical billboards. In a B.com Economics in Business Past Paper on Marketing Strategies, the author discusses all of these strategies in great detail.
The consumer is an “average joe.” – Which, of course, means that the consumer has needs and wants some things more than others. These needs and wants become the market for firms to sell to the consumer. One of the fundamental characteristics of a firm is its product or service and how it markets itself to the consumer. In a B.com Economics in Business Past Paper on Consumer Decision Making, the author examines consumer attitudes towards various firms and their products and why they are as they are, and why they change with time.
A firm’s brand name is vital – Even if the consumer may not like the firm’s product or service, he or she will still likely consider buying it because of the brand name. The brand name of a firm is usually developed over years of experience. That is why brands like McDonald’s and Coke are so popular – they have been around for a long time. The same is true of F&F, which is essentially Apple.
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B.com economists explore why consumer behavior so often changes from one time to another. They theorize that because of changing consumer behavior, firms must also change to keep up with the times or else they risk becoming left behind. For this reason, firms must study consumer behavior and then adjust to their changes.
Another thing that the B.com economists explore is why certain firms succeed while others fail – They look at why consumers tend to go with established companies over new start ups. They also take a look at what happens when the consumer realizes that a firm’s products and services just aren’t all that they promised. The B.com team even suggests that a company can use technology to its advantage – For instance, by producing a web site that offers downloadable software to consumers.
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The consumer is always right – One of the B.com past studies found that consumers are generally right, but they often don’t admit that to the firms. As a result, the firms must study the perceptions of consumers and adjust accordingly. Sometimes this means making changes that the consumer may not like. That’s why the study of consumer perceptions is important, because it can help companies determine how to be more communicative to consumers and perhaps eliminate some of their frustrations.
A B.com economics in business past papers discusses a wide range of issues including marketing, pricing and promotion. It’s important for college students to learn how to read the financial statements to get a better understanding of business conditions. By knowing these things, students will be able to write a better essay, prepare better reports and figure out how to better analyze problems. Studying the papers will also help students become more aware of the economic issues facing the business world.