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Why is demand estimation and forecasting important for managerial decision making?
why is demand estimation and forecast important for managerial decision making
Explain Managerial economics is economics applied in decision making?
Explain Managerial economics is economics applied in decision making?
Role of managerial economic in decision making?
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.
Significance of managerial economics in decision making?
significance of managerial economics is decesion making
Managerial economics serves as a link between traditional economics and the decision making sciences for business decision making?
Following are the steps helps to managers while taking decisions.. 1.Establish objectives. 2.Define the problem. 3.identify factors that affect the problem. 4.specify alternative solutions. 5.collect data and other informations. 6.Evaluate and screen alternatives. 7.Implement best alternative and monitor result. I think these are the main process in managerial economics.. By -Nsk
What is the difference between decision making and problem solving in a managerial concern?
The difference is that decision making usually come first than problem solving.
What jobs use confidence intervals?
Any kind of decision making - which means all managerial jobs.Any kind of decision making - which means all managerial jobs.Any kind of decision making - which means all managerial jobs.Any kind of decision making - which means all managerial jobs.
Role of cost accounting in managerial decision making?
Role of cost accounting in managerial decision making?"
Why is demand estimation and forecasting important for managerial decision making?
why is demand estimation and forecast important for managerial decision making
Explain Managerial economics is economics applied in decision making?
Explain Managerial economics is economics applied in decision making?
Role of managerial economic in decision making?
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.
Significance of managerial economics in decision making?
significance of managerial economics is decesion making
Managerial decision types?
There are two types in connection with the managerial decisions , they are :- 1. Vertical managerial decision , 2. Horizontal managerial decision. 1. Vertical managerial decision this means that the decisions are taken vertically that is from top level to bottom level. The top level managers will take the decisions and pass it towards the middle level and thy will pass it to the bottom level , there will be no consideration for the bottom level managers to play in the decision making process. The power will vested only with top levels. 2. Horizontal managerial decision here the top level managers will consider the ideas and suggesion from the bottom level before taking a decision.
What has the author G P Marshall written?
G. P. Marshall has written: 'Economics of managerial decision-making' -- subject(s): Decision making, Decision-making, Managerial economics
decision support system (DSS)?
interactive and iterative managerial decision making
What is the decision making process?
It is rightly said that the first important function of management is to take decisions on problems and situations. Decision-making pervades all managerial actions. It is a continuous process. Decision-making is an indispensable component of the management process itself.Drucker recommended the scientific method of decision-making which, according to him, involves the following six steps:Defining / Identifying the managerial problem,Analyzing the problem,Developing alternative solutions,Selecting the best solution out of the available alternatives,Converting the decision into action, andEnsuring feedback for follow-up.
Managerial economics serves as a link between traditional economics and the decision making sciences for business decision making?
Following are the steps helps to managers while taking decisions.. 1.Establish objectives. 2.Define the problem. 3.identify factors that affect the problem. 4.specify alternative solutions. 5.collect data and other informations. 6.Evaluate and screen alternatives. 7.Implement best alternative and monitor result. I think these are the main process in managerial economics.. By -Nsk
