If the economic climate is bad, the business manager is less likely to invest in an idea or entrepeneur, as they're taking a risk by spending money on something that may not bring a profit at all. All things in business are designed to bring a company or business profit.
However if the economic climate is good, the business is more likely to invest in something.
Example: 1920s. lots of businesses investing in stuff
1930s: no money, Stock Market crash, hardly any investment
he does two basic tasks that is making decisions and processing infromation. although both these tasks are practically inseparable yet these two are separated for analytical purposes. that is the managerial economist must be able to obtain process and use infromation so as to make intelligent decision . the above two tasks can be done by two general forms
1. specific decision
2. general assignment
Economics contributes to managment a great deal to the managers.the managers having working knowledge of economics perform well as compared to those without it.we know that economics is the study of how people use their scarce resource.same with the manager has to use scarce resources in order to achieve objectives.that is why knowledge of economics makes it possible for the managers to use limited resources effeciently.
Accounting plays a major role in managerial economics. Management needs accurate data in order to make correct decisions for a company, so accounting work must be do correctly and quickly in order to be analyzed and acted upon.
role of management and economics
home economics management have to do with cooking,sewing,clothing and textile,and the tools/equipment we use to do those activities.
management is a part of economic
does economics needed in hotel and restaurant management subjects? i want to know if this subject can contribute to all students of hotel and restaurant management.
role of economic in our parecticle life
lols
what is the role of managerial economics in Pakistan
home economics management have to do with cooking,sewing,clothing and textile,and the tools/equipment we use to do those activities.
Charles M. Bley has written: 'A guide to the board's role in hospital finance' -- subject(s): Business management, Economics, Finance, Financial Management, Governing Board, Hospital Administration, Hospital Economics, Hospital trustees, Hospitals
management is a part of economic
Alex Hill has written: 'Essential operations management' -- subject(s): BUSINESS & ECONOMICS / Production & Operations Management, Industrial management, BUSINESS & ECONOMICS / Industries / Manufacturing Industries, Production management, BUSINESS & ECONOMICS / Management, BUSINESS & ECONOMICS / Operations Research
The contributions of economics to financial management include its concentration of monetary activities which are essential to financial management. Economics is concerned with the interrelation of financial variables, such as prices, interest rates and shares which are also essential parts of financial management.
Robin Kramar has written: 'Human resource management in a global context' -- subject(s): BUSINESS & ECONOMICS / Management, BUSINESS & ECONOMICS / International / General, BUSINESS & ECONOMICS / Human Resources & Personnel Management, Personnel management
What role does economics play in your personal and organizations decisions?
hey PSG frd, just explore the 3 key words:- economy, management and recession. Put it in ur own words. tc - mithre
Psychology IT Economic Financial Management and Policy Strategic Management Cross-Cultural management Introduction to business Basic Maths Business Maths Statistical Interference Management Science Public Relation Managerial Economics Macro Economics Micro Economics
does economics needed in hotel and restaurant management subjects? i want to know if this subject can contribute to all students of hotel and restaurant management.
lols