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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.
REal GDP will increase , inflation will increase, and unemployment will decrease
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 political factors affect the retail industry in aystralia
What is the impact of effective business communication on managerial performance
it doesn't have any impact
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 and information system on organizational performance
how do you understand by the term performance
Good governance, good performance Poor governance, poor performance
Yes
yeh
For any software product, the technology used in building it has a direct impact on its performance.
because my weiner is huge!
Prepare internal reports that review the impact of decisions
It has very little impact on performance unless its your on a race track.