Definition of business activity:
Business Activities refer the component of information technology infrastructure representing all the business activities in a company whether they are manual or automated .Business activities utilize all data resources and platform resources in order to performing specific tasks and duties of the company. Any activity that is engaged in for the primary purpose of making a profit. Business activities can include things like operations, marketing, production and administration. Business activities are ongoing and are focused on creating value for shareholders.
Business activities of Tesco:
The business activities of Tesco can be categorized into six major segments:
Tesco Direct: This is when the customers shop direct from the stores and buy their stuff. They get the things they want to buy.
Groceries & Wine: Tesco sells groceries and wine to the customers.
Entertainment & Books: Tesco sells books and provides entertainment to the customers.
Finance & Insurance: Tesco has finance and insurance.
Phones & Broadband
In economics, demand is the desire to own anything, the ability to pay for it, and the willingness to pay. The term demand signifies the ability or the willingness to buy a particular commodity at a given point of time.
Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand.
Changes in supply and demand:
An increase in supply S with constant demand D will decrease the equilibrium price P* and increase the equilibrium quantity Q*. Similarly, a decrease in supply S with constant demand D will increase the equilibrium price P* and decrease the equilibrium quantity Q*.
Global interaction is basically globalization. It is the way different countries interact socially, economically etc. This is mainly achieved thanks to space shrinking technologies.