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If you like to put vinegar on your French fried potatoes, when you buy potatoes you will also buy vinegar, if you don't already have some in your kitchen.
In some countries it is customary to not add vinegar to French fries. Thus, those folks would not think of purchasing vinegar when they are going shopping for potatoes to make French fries at home.
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∙ 14y ago
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What is the study of how people seek to satisfy their needs and wants by making choices?
Economics
The study of how people seek to meet their needs and wants by making choices is what?
Economics/bugeting
What are the basic concepts of economics?
Economics involves the interactions in society involving finances. Namely, economists study how the monetary value of items changes over time based on outer effects like the supply of resources and the demand of consumers.
Explain Managerial economics is economics applied in decision making?
Explain Managerial economics is economics applied in decision making?
Significance of managerial economics in decision making?
significance of managerial economics is decesion making
What is the study of how people seek to satisfy their needs and wants by making choices?
Economics
The study of how people seek to meet their needs and wants by making choices is what?
Economics/bugeting
Economics is sometimes called the science of what?
Economics is sometimes called the science of scarcity because it studies how societies allocate limited resources to fulfill unlimited wants and needs. This involves analyzing production, consumption, and distribution of goods and services to understand how individuals and societies make choices to address scarcity.
What are the basic concepts of economics?
Economics involves the interactions in society involving finances. Namely, economists study how the monetary value of items changes over time based on outer effects like the supply of resources and the demand of consumers.
Explain Managerial economics is economics applied in decision making?
Explain Managerial economics is economics applied in decision making?
Significance of managerial economics in decision making?
significance of managerial economics is decesion making
What do judicious mean?
"Judicious" means having or showing good judgment, wisdom, or discernment in decision-making. It typically involves making careful and thoughtful choices based on reason and sound logic.
What is foolishness?
The meaning of foolishness means a lack of good sense.
What does decision making skills mean?
Decision-making skills generally refer to being decisive or making choices easily and effectively. This involves identifying the purpose of your decision, weighing your options, looking for alternatives, brainstorming, making and executing your decision, and evaluating the results or consequences.
What does decision-making skills mean?
Decision-making skills generally refer to being decisive or making choices easily and effectively. This involves identifying the purpose of your decision, weighing your options, looking for alternatives, brainstorming, making and executing your decision, and evaluating the results or consequences.
What is a conscious action?
A conscious action is an action that is deliberate, intentional, and done with awareness. It involves making choices based on thought and awareness of the consequences of the action.
What is case based decision making?
Case-based decision making is a problem-solving approach that involves analyzing and making decisions based on similarities with past cases. It involves using previous experiences or similar situations to guide decision-making and develop solutions for current issues. By drawing on past instances, individuals can assess potential outcomes and make informed choices.
