Functions of economic theory

Studying economic phenomena and processes, laws and patterns of their course and development, the mechanism of management, economic theory performs three main functions. First, it is a cognitive function. It means that economic theory as a science serves people to learn complex, largely interdependent and intertwined processes of economic development, indistinguishable to superficial observation, to […]

Possible actions of competitors

This stage of analytical analysis includes an analysis of the strategies and new initiatives of competitors, their weaknesses and strengths allows not only to anticipate their next steps, but also to assess their impact on the strategy and actions of your company. Intelligence and analytical activities help the company to take a defensive position in […]