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How do leadership characteristics relate to the managerial functions?
Wiki User
∙ 11y ago
leadership characteristics relate to the managerial function by doing there tasks during the problems.
Wiki User
∙ 11y ago
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Outline three functions of the entrepreneur?
An Entrepreneur is a self employed business owner and they are responsible for all functions of starting and operating a business. They must know government policy and regulations as they relate to their business, they must develop a marketing plan for their business, and they must manage all areas of the business and its employees.
How does business relate to money?
G
Does Lion King relate to economics?
No.
State of the Economy in 1998?
INTRODUCTION TO MANAGERIAL ECONOMICS The word economics is derived from a Greek term "OCIO NOMOS" which means house management it explains how different individuals behave while managing their economics activities. Economics teaches us how a person tries to satisfy his unlimited desires with the limited resources at his disposal. In other word it teaches us how to use the available scares resources to meet our unlimited desires. Hear the question of choice comes in the need for choice arises in the context of "Scarcity". MANAGERAL ECONOMICS: Economics is concerned with determining the means of achieving given objectives in the most efficient manner. While managerial economics is the application of economic theory and private institutions. It is an extraction from economic theory, particularly micro economics those concepts and techniques which enable the decision. Makers to efficiently allocate the resources of the firm. If also enables the decision makers to understand the economic environment and the effect of changes in this on resources allocation within the organization Definition: Economics is deals with money or money oriented activities. According to M N Nair's and Meram "Managerial economics consist of the use of economic modes of thought to analyses business situations" According to Haynes "Managerial economics is economics applied in decision making". Nature & Scope of Managerial Economics:- The nature of economics can be known through its relation with micro and macro economics normative and descriptive economics, the theory of decision making operations research and static's. It is said that a successful business economist will try to integrate the concepts and methods from all the disciplines. The main focus in managerial economics is to find an optimal solution to a given managerial problem. The problem may relate to production, reduction or control of costs determination of price of a given product or service make or buy decision inventory decision. Capital management investment decision or human resource management. The economist is concerned with analysis of the economy as a whole where as the managerial economist is essentially concerned with making decision in the context of a single firm. The main areas of managerial economics Þ Demand analysis Þ Cost analysis Þ Production Þ Pricing decisions Þ Profit management Þ Capital management
How does outsourcing relate to the concepts of comparative advantage and efficiency?
How does outsourcing relate to the concepts of comparative advantage and efficiency?Read more: How_does_outsourcing_relate_to_the_concepts_of_comparative_advantage_and_efficiency
How the four managerial tasks relate to the various managerial levels and allocation of time?
How the four managerial tasks relate to the various managerial levels and allocation of time?
Discuss how the four managerial tasks relate to the various managerial levels and allocation of time?
Discuss how the four managerial tasks relate to the various managerial levels and allocation of time?
What is managerial cultural and leadership?
It relates to the attitudes, beliefs, values, and ethics, of those in management and leadership positions. Every organization has an overall culture, and then there are sub-cultures that relate to various groups and departments within the organization.
Can you relate with functions?
yes it is hard and easy
How do the strucutres in an orgamism relate to its functions?
it is that one thing
How could a basketball game relate to the functions of a cell?
Nucleus- coach
How does structure relate to functions?
Cell structure determines cell function
How do the structures of cardiac muscle tissue and the heart relate to their functions?
fish and chips
Give two examples of how cell structures relate to cell functions?
ffv
How do the functions of the skeletal system system relate to the functions of the muscular system?
The functions of the skeletal system and the muscular system support each other. They relate to one another because the skeletal system provides structure and support while the muscular system provides the power needed for movement.
How does child psychology relate to psychology?
they both deal with the mind how the human brain functions
How does the special structure of a neuron relate to its functions?
because neuron is the cells that located in our brain
