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Managerial economic is prescriptive rather than descriptive in nature?
This statement is 100% true. You will learn a lot of about this in a lot of business books.
Criticism to Economic order quantity?
The assumptions included in the EOQ models are simplistic;The real cost of stock in operations are not as assumed in EOQ models;The models are really descriptive and should not be used as prescriptive devices.
Why Managerial economics is prescriptive rather than descriptive?
Managerial economics is prescriptive because it focuses on providing actionable guidelines and frameworks to help managers make informed decisions in uncertain environments. Unlike descriptive economics, which analyzes and explains economic phenomena and behaviors, managerial economics emphasizes the application of economic theories and concepts to solve practical problems and optimize resource allocation. By utilizing tools like cost-benefit analysis and decision trees, it aims to enhance managerial effectiveness and improve organizational performance.
What are the examples of descriptive economics?
Gathering of data necessary to calculate GNP for a year.
What 5 major economic goals?
Economic Effiency Economic Freedom Economic Security Economic Equity Economic growth and Innovation
Managerial economic is prescriptive rather than descriptive in nature?
This statement is 100% true. You will learn a lot of about this in a lot of business books.
What observation are description that does not use numbers?
Categoric or descriptive observations.Categoric or descriptive observations.Categoric or descriptive observations.Categoric or descriptive observations.
What is the comparative and superlative form of descriptive?
more descriptive, most descriptive
What has the author C D Harbury written?
C. D. Harbury has written: 'Descriptive economies' -- subject(s): Economic conditions 'Workbook in introductory economics' -- subject(s): Economic conditions, Economics, Problems, exercises 'An introduction to economic behaviour' -- subject(s): Economics
Example of descriptive?
ah descriptive fdfgdf
What are descriptive lines?
Lines that are very descriptive
What is descriptive-comparative method?
more descriptive
A descriptive word that begins with the letter z?
Zesty is a descriptive word. Zany is a descriptive word.
Who are authors of descriptive reseach?
how to find descriptive writers thanks for the help how to find descriptive writers thanks for the help
What the characteristics of descriptive text?
Characteristics of descriptive text include vivid imagery and strong descriptive elements. Descriptive text seeks to explain or describe something in great detail.
What are some descriptive words?
Gibberish and nonsense are descriptive words.
What is a descriptive poem?
an a descriptive poem is a poem u describe
