BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Financial decisions of businesses and consumers are influenced as much by the state of the economy as by any other factors. The two primary ways governments are involved in the organization of businesses are in legal requirements and taxation. Capital markets are used to finance short-term debt of less than a year.

Detailed explanation-2: -A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor’s name and system.

Detailed explanation-3: -the idea that consumers ultimately determine what is produced. Consumer sovereignty relates to a term in economics used to describe an economic condition in which consumers’ needs and desires determine the firms’ output. This means that consumers are the ones who control the market.

Detailed explanation-4: -The biggest advantage of a free market is the flexibility both the buyer and seller have in how they interact. With little government regulation, buyers can spend their money however they choose. For this reason, they can make purchasing decisions based on what they need, want, and have the resources to purchase.