The Wider Economic Environment 0.0 / 5 ? EconomicsTopic 2 - The Wider Economic EnvironmentA2/A-levelEdexcel Created by: Hobble99Created on: 28-06-17 11:28 falling average costs of production economies of scale 1 of 24 growth from mergers and aqusitions inorganic 2 of 24 investment in research with the intention of improving goods and services or introducing new ones research and development 3 of 24 Online advertising focused on a small group of consumers micromarketing 4 of 24 product features which make them stand out against the competition usp 5 of 24 responsiveness of a change in demand to a change in price ped 6 of 24 initially low price to attract customers before raising the price once consumer loyalty is gained penetration 7 of 24 method of differentiation branding 8 of 24 responsiveness of a change in demand to a change in income yed 9 of 24 output per unit of input in a given period of time productivity 10 of 24 percentage of total capacity which is being used capacity utilisation 11 of 24 minimising waste during the stages of production lean production 12 of 24 time delay between a decision being made and it being carried out lead time 13 of 24 integration of the worlds single markets into one international one globalisation 14 of 24 economies with high levels of economic growth and stable economies developed 15 of 24 producing a good at a lower opportunity cost to another country comparative advantage 16 of 24 when the value of a currency falls relative to another depreciation 17 of 24 positive output gaps and near full employment are characteristics of a ... boom 18 of 24 money leaving the circular flow of income leakages 19 of 24 sustained rise in the general price level inflation 20 of 24 those who are able and willing to work but are not employed unemployed 21 of 24 UK government's target for inflation as a percentage 2 22 of 24 deliberate changes to government spending and taxation fiscal policy 23 of 24 trying to manage unemployment with inflation can create policy conflicts or ... trade offs 24 of 24
Comments
No comments have yet been made