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Do managerial practice differ with variations in the external environment?
Wiki User
∙ 15y ago
It should! A manger must realize that if there is anything stead-fast and unchanging, it is change itself. Change is inevitable, and will always occur due to both internal and external driving forces. A manager must be flexible and willing to promote change in practice to address the internal and external driving forces. Not to do so, could very well threaten the organizations' stability and survivability.
Wiki User
∙ 15y ago
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What is the difference between internal economics and external economics in managerial economics?
There's a lot of difference between Internal Economics And Managerial Economics. Internal Economics: It is economics related to an individual firm...where it is the practice of day to day operations in medium of puting various amount of inputs for a desireable output. Managerial Economics:It is the economics which is the practice of managing the firm,by divsion of labour and application of certain principles of management in day to day work.
Flexibility of practice when applied to managerial accounting means that?
1 Difinition of flexible employment and different types of flexiblity2 Reasons for it to be considered a vital factor in todays competitive environment
define managerial economics?
Managerial economics is an applied field of economics that focuses on the use of economic analysis and techniques to solve business decisions. It combines economic theory with managerial practice and focuses on the microeconomic aspects of an organization, such as demand analysis and pricing, production costs, and investment decisions. Managerial economics applies microeconomic analysis to specific decisions in order to optimize outcomes and maximize profits. It also considers the macroeconomic environment in which a business operates, such as global economic trends and government regulations. Managerial economics provides a framework for understanding how businesses interact with their environment and make decisions that will impact their long-term success.
What is managerial economics?
1) Managerial Economics is micro in character Pure Economics is both micro and macro in character 2) Managerial Economics study only practical application of the Economic principle to the problem of firm Pure Economics deals with the study of principles itself 3) Managerial Economics deals with the Economic problems of the firm while Pure Economics deals with Economic problems of both firm and individuals 4) Managerial Economics deals with profit theory only Pure Economics deals with all distribution theories like rent, wages, interests, and profits.
What has the author Manu written?
Manu, believed to be an ancient Indian sage, is traditionally credited with composing the Manusmriti, also known as the Laws of Manu. This ancient Hindu text is one of the important sources of Hindu law and morality.
What environmental factors affect the practice of industrial relation Nigeria?
How can political environment affect the practice of industrial relations
What is the practice of using an area's natural environment to attract tourists?
Ecotourism.
What is agriculture sustainable?
The practice of farming using principles of ecology and the study of relationships between organisms and their environment
Ways to practice environment ethics?
Don't Litter. Don't Drive to much.
What is the practice of using an areas natural environment to attract tourist called?
Ecotourism.
What is an external marketing?
External Marketing, promoting your practice to potential prospects, is still a relatively new phenomenon for Dentists. It is still difficult for some Dentists to come to terms with the thought that it is acceptable to "advertise."
Do all nations should practice same type of regulations in sustaining their environment?
Yes
