Hi this is his role is to make sure the company makes profit
why managers need to know about economics
to decision making
1. Being a manager, why should you have some basic understandings about economics?
Economics are important because understanding them helps managers make decisions. The more managers understand economics, the better they will be at pricing products and offering salaries to their employees.
Determining demand elasticity helps managers know how to schedule their goods. When they know their product isn't in demand, they can purchase another product instead.
In managerial economics, managers in depth analyze all the economic situation of the country. After the in depth analysis they take the decisions. In this way economics is integrated with decision making.
Everyone studying Economics.
1. Being a manager, why should you have some basic understandings about economics?
Economics are important because understanding them helps managers make decisions. The more managers understand economics, the better they will be at pricing products and offering salaries to their employees.
Research is useful in economics to know the need of the consumer.
ask cownine
Determining demand elasticity helps managers know how to schedule their goods. When they know their product isn't in demand, they can purchase another product instead.
What are important features of organizations that managers need to know about in order to build and use information systems successfully.?
Organizations need management accounting so that managers can know how their departments are performing. Without managerial accounting, managers will be operating in the dark.
library or information managers needs to plans, so that they will know the step of planing on their services,
Managers must know about information systems in order to be able to operate them. If they are not able to work the system then they will not be able to contribute to the betterment of the organization.
Managers must know how to coordinate people and other resources to achieve the organization's goals and objectives. The resources in total are, material, human, financial, and informational resources.
what skills do managers need
because there are projects that include statistical methods.