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Characterize the four basic market structures
The four market structures—perfect competition, monopolistic competition, oligopoly, and monopoly—differ in the number of firms, product differentiation, and price control. Perfect competition features many sellers with identical products, while monopolistic competition involves many firms offering slightly differentiated products. Oligopoly consists of few large firms with significant market power, and monopoly exists when one firm dominates the entire market.
Currency regimes and their impact on investment decisions
Currency regimes determine how exchange rates are managed—fixed, floating, or pegged. Fixed regimes provide stability but limit monetary flexibility, while floating regimes are subject to market forces, increasing risk but allowing for policy autonomy. These regimes influence capital flows, exchange rate risk, and return expectations, directly affecting investment decisions.
Tools of strategic analysis of an enterprise
Strategic analysis tools include SWOT (internal and external diagnostics), PESTEL (macro-environmental factors), Porter’s Five Forces (industry competitiveness), and value chain analysis (efficiency of internal operations). These tools support management in identifying strategic priorities and enhancing competitive advantage.
The types and role of accounting in financial management
Accounting comprises financial, managerial, and tax accounting. Financial accounting ensures external transparency, managerial accounting aids internal planning and control, while tax accounting ensures compliance with fiscal obligations. Together, they underpin effective financial management and informed decision-making.