woots woots

Hey happy thursday?? haha. well, today i have 2 classes only which were MGT 420 and ECO 415. today in MGT 420 we learned about PLANNING!

•Planning Defined

ØThe process of outlining the activities that are necessary to achieve the goals of the organization.

•A Plan

ØA blueprint for action that prescribes the activities necessary for an organization to realize their goals.

•Purpose of Planning

ØThe purpose of planning is simple—to ensure that the organization is both effective and efficient in its activities.

 

  yes. its all about planning planning and planning. :)

For economics, (ECO 415) we learned about MARKET EQUILIBRIUM. it is a situation that occurs at any price at which the quantity demanded is equal to the quantity supplied.

SHORTAGE occurs when the quantity demanded exceeds the quantity supplied.

we learned more on how to draw the graphs according to the table given and how to find the market equilibrium. :)