1.Total, average &marginal Relations.
2. Marginatism.
3.Optimisation.
4.Bench marking.
5.Total quality management.
nature of managerial economics?
scope of managerial economics
Explain Managerial economics is economics applied in decision making?
Managerial economics applies economic theory and methods to business and administrative decision making. Managerial economics prescribes rules for improving managerial decisions. Managerial economics also helps managers recognize how economic forces affect organizations and describes the economic consequences of managerial behavior. It links traditional economics with the decision sciences to develop vital tools for managerial decision making. This process is illustrated in Figure 1.1. Managerial economics identifies ways to efficiently achieve goals. For example, suppose a small business seeks rapid growth to reach a size that permits efficient use of national media advertising. Managerial economics can be used to identify pricing and production strategies to help meet this short-run objective quickly and effectively
significance of managerial economics is decesion making
nature of managerial economics?
scope of managerial economics
Explain Managerial economics is economics applied in decision making?
what is the role of managerial economics in Pakistan
Managerial economics applies economic theory and methods to business and administrative decision making. Managerial economics prescribes rules for improving managerial decisions. Managerial economics also helps managers recognize how economic forces affect organizations and describes the economic consequences of managerial behavior. It links traditional economics with the decision sciences to develop vital tools for managerial decision making. This process is illustrated in Figure 1.1. Managerial economics identifies ways to efficiently achieve goals. For example, suppose a small business seeks rapid growth to reach a size that permits efficient use of national media advertising. Managerial economics can be used to identify pricing and production strategies to help meet this short-run objective quickly and effectively
significance of managerial economics is decesion making
responsibilities of managerial eeconomic
what is the importance of managerial economics principles in the modern organization?
about scope of managerial economics?
difference between economics and managerial economics
Lawrence Southwick has written: 'Managerial economics' -- subject(s): Managerial economics
basic economic tools in manaregial economics