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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 are the Facilitating and inhibiting factors of company that impact performance of employee?

3d modelling


What is the positive theory behind the impact of motivation on employee performance?

The positive theory behind the impact of motivation on employee performance suggests that when employees are motivated, they are more likely to be engaged, productive, and committed to their work. This can lead to higher levels of job satisfaction, increased job performance, and ultimately, better overall organizational outcomes.


What is the scope of managerial economics in the field of engineering?

costs:- technology has multi-dimensional impact on costs, one hand technology determines what combination of various factor is to be used e.g capital -intensive technology or labor intensive technology


What impact will a negative demand shock have on the main measures of economic performance?

REal GDP will increase , inflation will increase, and unemployment will decrease

Related Questions

What is the impact of effective business communication to managerial performance?

What is the impact of effective business communication on managerial performance


What is the Impact of information technology on managerial economics -?

it doesn't have any impact


Discusss the internal and external constraints of managerial effectiveness?

Internal constraints of managerial effectiveness include culture and perspective. An external constraint of managerial effectiveness is government regulations that impact the business.


The impact of management information on an organisation performance?

The impact of management and information system on organizational performance


How does risk management impact organizational performance?

how do you understand by the term performance


What is the impact of corporate governance on company performance?

Good governance, good performance Poor governance, poor performance


Do drugs have an impact on sports performance?

Yes


What impact does negative war have on the overall performance of a baseball team?

Negative war can have a detrimental impact on the overall performance of a baseball team by causing disruptions, lowering morale, and affecting player focus and performance on the field.


Can bus speed impact performance of a CPU?

yeh


How does a mechanical change impact the performance of the system?

A mechanical change can impact the performance of a system by altering the way components interact, potentially improving or hindering efficiency and functionality.


Which of the following steps in the management decision-making process generally involves the managerial accountant?

Prepare internal reports that review the impact of decisions


Tech Stacks.    ?

For any software product, the technology used in building it has a direct impact on its performance.