Cost-benefits analysis
Online purchasing allows the instant satisfaction of everyone's desires.
advantages:
Opportunity cost in economic decision-making is measured by comparing the benefits of choosing one option over another. It involves considering the value of the next best alternative that is forgone when a decision is made. By weighing the benefits and drawbacks of different choices, individuals and businesses can make informed decisions that maximize their resources and outcomes.
what are the economic tool which help manager in decision making
Most advantages, economic and otherwise, favored the North
The role of managerial economics in decision making is to help in the analysis of economic trends which will be used in making critical decision. This will focus on past, present and future economic patterns.
gain economic advantages for its members
Puerto Rico is considering joining the United States as a potential solution to its economic challenges.
An economic slowdown is called a recession.
Economic decisions are based on supply and demand. A+
An economic interest group works to gain economic advantages for its members.
the govermant