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1. We usually say that sales is the bottom line of a firm. Why from the perspective of Open System theory relating to the factors

1. We usually say that sales is the bottom line of a firm. Why from the perspective of Open System theory relating to the factors in the general environment (utilize your knowledge, skill and mind power from accounting: Income Statement)?

2. Comparing sales with demand, what similarity do you discover between the two?

3. What causes the demand curve to shift to the left or right and what are the consequences for firms in the marketplace if the demand curve shifts?

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