The conceptual model of any process of price dynamics includes the interaction of three subsystems, which can be conditionally called “commodity producer”, “consumer” and “market” (Fig.7.17.). The spider-like model (model A), in which demand lags behind supply by one period: D(Pt+1)=S(Pt), also fits into the scheme of Figure 7.17. Rice. 7.17. Conceptual scheme of the […]
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Formation and distribution of profit of the enterprise
The effectiveness of the enterprise profit management policy is determined by the results of its formation and the nature of distribution. The source of profit of enterprises is the total income, which is the amount of money received by the enterprise from all its activities. Profit, first of all, depends on the volume of products […]